By the time you read this, the American people will have voted for a new President. These once-in-a-while election events remind us many things, such as the prevalence of politics in our society. Economics is no exception.
As a social science, economics is the study of human behavior. It looks for patterns about how people use different means to obtain various (primarily material) ends. Politics immediately come into the foray of economic discussion because there have to be an established system laws to determine what constitutes legitimate possession, production, and exchange—especially for larger and more sophisticated markets.
Were you following this:
The economics of a wealth tax - Institute For Fiscal Studies - IFS
This paper asks when a wealth tax would in principle be a desirable part of the tax system, setting aside the practicalities and politics that would be crucial in reality. The case for a one-off wealth tax is simple. If it were unexpected and credibly one-off – a major challenge in practice – this would be an efficient way to raise revenue and could be used to address existing wealth inequality.
There are strong reasons to radically reform how we currently tax the sources/uses of wealth; this includes reforming capital income taxes in order to properly tax high returns. An annual wealth tax would be a poor substitute for doing that.
Biden or Trump? - The US 2020 election results | Graphic detail | The Economist
THE POLLS may have closed but America is still some way from knowing who the next president will be. Initial ballot counting created an electoral map that looked similar to 2016, which was good news for President Donald Trump and a shock for Joe Biden. Nonetheless Mr Biden has more paths to victory. Read our latest election coverage here .
Pennsylvania will be particularly slow to announce: the state only started counting absentee ballots on election day, and both parties have filed lawsuits contesting the electoral process. Whatever their stripe, Americans have one thing to be pleased with: early estimates indicate that this year's election had the highest voter turnout in 120 years.
Duke economics professors sign open letter opposing Trump's reelection - The Chronicle
From top left: Professors Gayle Boyd, Edward Tower, Thomas J. Nechyba, and Xiao Yu Wang signed an open letter opposing the reelection of President Donald Trump.
Over 1,000 economists, including four Duke professors, have signed an open letter opposing the reelection of President Donald Trump.
The letter, whose signatories include multiple Nobel Prize winners, criticizes both Trump's economic policies and his personal behavior, charging that he has "rendered the United States unrecognizable" during his four years in office.
This may worth something:
Omar Passons: Our leaders need to focus on economics and health in communities hit hard by the
My hope for 2021 is for our elected leaders to continue to push through "standard ways" of doing things to deepen the overlapping work our region needs. Equity plays a central role in this need and integration of effort is critical.
* * *
As communities begin to recover and improve their health, the ongoing role of community safety will remain paramount. Rethinking what it means to be safe so that it encompasses a sense of mental and physical health, and the freedom to breathe fresh air outside and safely use a paved street or a sidewalk to get to a park, will be of increased importance.
McConnell Says Congress Should Pass Economic Relief Bill This Year - WSJ
WASHINGTON—Congress should pass a new economic-relief package this year, Senate Majority Leader Mitch McConnell said on Wednesday, as prospects for Democrats' multitrillion-dollar stimulus bill faded along with their chances for full control of the government.
Election result: Investors must be careful to avoid being 'whiplashed'
Investors should tread carefully to avoid being "whiplashed" by ongoing market "confusion," economists have told CNBC, as the race to the White House appears likely to drag on for days .
With polls now closed, President Donald Trump is projected to win Florida, Ohio and Texas, while former Vice President Joe Biden voiced confidence he would ultimately prevail.
Shortly after Biden addressed his supporters, Trump falsely claimed an election victory. His remarks came with millions of legitimate ballots still left to count.
Next US president facing long road to economic recovery - Business daily
The winner of the US presidential election - as well as lawmakers in the Senate and House of Representatives - will need to address urgent economic challenges when they get back to Washington. FRANCE 24's Business Editor Stephen Carroll has been looking at some of the main issues they're facing, as the economy remains scarred by the coronavirus pandemic.
No comments:
Post a Comment