Daniel Waldenstrom News Today

Economic inequality gap in the Nordic country widening and worrying, says Oxfam

Economic inequality gap in the Nordic country widening and worrying, says Oxfam - Anadolu Agency

Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions."

Evidence reveals that markets are superior to statist systems.

at 12:40 pm on December 21, 2020 | 16 comments International research suggests that the next stage of the federal government’s tax reform agenda may increase income inequality and do little to boost productivity. From mid-2024, the government proposes to introduce a flat income tax rate of 30 per cent for people earning between $45,000 and $200,000. Researchers Enrico Rubolino and Daniel Waldenstrom examined previous reductions in the top marginal tax rates in Australia, New Zealand and Norwa...

Top end tax cuts fail economy and boost inequality: studies Top end tax cuts fail economy and boost inequality: studies Normal text size Advertisement The Morrison governments plan to flatten the tax system and cut taxes for high income earners may increase inequality and fail to boost productivity, ground-breaking international research suggests while leaving a future government with a multibillion-dollar budget headache. Based on analysis of past cuts to Australias top marginal tax rate and t...