Crazy Taxes

Crazy Taxes

Most people agree that Rishi Sunak is crazy to introduce new taxes on the British public when inflation is compromising living standards and the Bank of England is lifting rates and pushing up the cost of mortgages. Now a war in Europe is pushing the cost of fuel ever higher. But the Chancellors argument is that the government has to pay back the money it borrowed during the pandemic. If it did, it would take decades. But, as Steve Keen explains in this week’s podcast, Modern Monetary Theory suggests the money doesn’t need to be paid back, and tax is really on a mechanism for controlling the money supply. Phil Dobbie looks at some of the crazy taxes that have been introduced, many to do with changing behaviour or distributing wealth. Both noble aims, but the execution might have left something to be desired.

Hosted on Acast. See acast.com/privacy for more information.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(514)

The Burnham Factor

The Burnham Factor

Andy Burnham is now the British Prime Minister but, Phil asks, aside from convening cabinet meetings in the north, will he do anything different to his predecessor. No, he will follow the same neoclas...

21 Juli 0s

The unrelenting progress of winner takes all economics

The unrelenting progress of winner takes all economics

This week Phil and Steve talk about the staggering accumulation of capital, which has ratcheted up since the pandemic. In the US the top 0.1 percent of companies hold 88 percent of all corporate asset...

17 Juli 41min

Too slow for zero?

Too slow for zero?

This week Phil and Steve confront the mathematical and environmental reality of a "zero growth" future, sparked by a debate over the deflationary traps of finite currency systems like Bitcoin. Steve t...

7 Juli 42min

Challenges for the reserve currency

Challenges for the reserve currency

How much longer can the United States rely on the US dollar to dominate the global financial system, and what happens when the cracks finally start to show? In this week's Debunking Economics podcast,...

2 Juli 39min

The world’s anti-migration shift to the right

The world’s anti-migration shift to the right

Phil and Steve confront the global surge in anti-immigration rhetoric and right-wing political momentum, tracing its roots to the structural failures of neoliberalism rather than the actions of migran...

23 Juni 48min

GDP is hopelesss as a relative measure

GDP is hopelesss as a relative measure

Steve and Phil critique our systemic over-reliance on Gross Domestic Product (GDP) as the definitive baseline for comparing global economies and measuring societal well-being. The discussion underscor...

17 Juni 45min

 Is Labour right to cut tax incentives for housing speculators?

Is Labour right to cut tax incentives for housing speculators?

This week Phil and Steve dig into the storm of controversy over Australia's new budget rules targeting property speculators. The Labor government has scaled back negative gearing and abolished the 50%...

10 Juni 44min

Hedging an Uncertain Future

Hedging an Uncertain Future

This week Phil challenges Steve on how the futures market handles terminal risk, pointing out that oil prices slope downward over time simply because traders blindly assume the Strait of Hormuz will r...

20 Maj 38min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
dynastin
avanzapodden
uppgang-och-fall
svd-tech-brief
rss-inga-dumma-fragor-om-pengar
fill-or-kill
bathina-en-podcast
rss-hos-psykologen
rss-kort-lang-analyspodden-fran-di
rikatillsammans-om-privatekonomi-rikedom-i-livet
borslunch-2
rss-borsens-finest
rss-veckans-trade
rss-dagen-med-di
tabberaset
ekonomiekot-extra
rss-dominoeffekten