Thomas Piketty’s solution to bridging the gap between capital and income is a progressive wealth and income tax of up to 80%. Tax the rich and give to the poor.
Politics and History
Our editors look back to previous periods in politics and history to discover the parallels with today’s market and how this can help your investing.
History doesn’t repeat, as writer Mark Twain once wrote, but it rhymes. For an entertaining and informative romp through financial disasters and bull markets of yesteryear, plus the legendary investors who made a fortune and the foolish knaves who lost their shirts, read on…
Such a levy will only add to the budget’s long term structural problems. Increasing taxes in a fragile Australian economy will affect confidence and growth
But any way you look at it, Australia will have to do more to defend itself and its interests in the future. It will largely be the realm of the military...
The worry is that the Russian and Ukrainian economies are suffering badly while politicians enjoy their newfound nationalism on both sides of the border.
Pensions are going to balloon sooner or later as the baby boomer bulge retires. Raising the pension age just means it will happen later.
The idea of government managing outflows from the Superannuation system is something we warned about in the panel discussion after the speeches at World War D.
All attempts at central planning end up with a power struggle at the top. And violent, corrupt and immoral people tend to win power struggles.
Lately, we've been inspired by the office-holders who unselfishly 'give back' all over the world. We also want to wallow in the public trough, feed on the government teat and enjoy the perks of high office.
China is rising. The US power elite fears its rise. And for good reason. Having the world’s reserve currency is an ‘exorbitant privilege’, as Charles de Gaulle described it.
Australia finds itself in a very precarious economic environment largely because of weak politicians. That is, the Australian economy is in a spot of bother.