Regressive tax

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    Real estate and personal property holders have the several rights in common because they both can control and manage their assets, they can use it or discard it. Both owners can sell or give it away as gifts. They can withdraw or discard it as well. Although, a real property owner could be more complicated in several ways than a personal property. Real estate might be a heritage with different successors with a life estate. Whereas, private property is different because a realty has two…

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    The wealthy wanted no tax because it would allow them to keep more money and get wealthier. Andrew Mellon helped craft this by reducing taxes on all income levels, but mainly on the wealthy. This put the wealthy in favor and the middle and lower classes with downfalls. The legislation…

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    3. Embodying the Perichoretic Fellowship in “the Capitalist Economic Structure” Both God’s involvement with the world and the life of human beings are economic, though in different modes. As Nimi Wariboko rightly points out, the production of certain commodities mirrors their producers’ ethos as a driving force, and accordingly, the producers’ ethos is important for the circulation of their products on the market. Also, the change of ethos can powerfully change the milieu of the market.…

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    Saving a reasonable deposit to buy a house is a tough challenge for first home buyers. Micheal Sukkar, a Liberal MP suggested during a Sky News interview, that the first step for young Australians to buy a house is getting a “highly paid” job. There are many government initiatives in place but the effectiveness of these schemes is under question. The government has a “comprehensive package” that aims to assist first home buyers to afford a property over investors. This package eliminates stamp…

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    This principle given by Vilfredo Pareto, an Italian sociologist and economist, is also known as 80/20 rule. Understanding this rule can help you to stop procrastinating. Originally, Pareto derived his 80/20 rule on the observation that 80% of Italy’s wealth then belonged to just 20% of the Italian population. By extension, the rule has been applied to all aspects of human endeavor. For instance, it’s the  20 percent of the effort that produces the 80 percent of the result  20 percent of the…

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    Democracy for Sale Five years ago Citizens United spearheaded a campaign to steal the people's power and unfortunately the Supreme Court decided to rule in favor of the controversial right-wing group, in the devastating ruling of Citizens United v. Federal Election Commission. This disastrous move by the "Supreme Court scrapped the previous campaign finance laws and essentially declared that companies are allowed to buy politicians by circumventing restrictions via PACs, political action…

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    I understood that the higher the tax revenues are paid by both individual and corporates reduces investments’ rates and increases jobs. More money is invested into education and health care. This issue discussed is very important to our national grid. In my previous paper I elaborated the importance of taxation in infrastructure, public education and health care commonly for economic growth, however there…

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    Petromoneda Case Study

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    Prolonged Regulatory Uncertainty There are potential ramifications for ‘prolonged regulatory uncertainty’ that often starts weighing on the project itself. For instance, in United States, issuers of ICOs are ill benefitted as close to 40% (effective tax rate) raised through ICOs go to the govt.’s coffers, which wouldn’t have happened in the case of PE-VC investments or an IPO stake sale. This is because regulators are not certain on considering tokens as securities, and thereby consider the…

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    describing how a large scale human society has never achieved such a thing as not having rich people. Having said this, it is almost impossible to not have some sort of class that is wealthier than others. That is why equalitarians argue that we should tax the rich heavily to help the poor. His first argument shares a quote of a young student worker slaving away in the hot sun as a farmhand as his rich boss sits looking over all the workers in his air-conditioned car. Even though the workers in…

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    Reading Bartels work in comparison to the American Government “Power and Purpose” has reflected each other tremendously. Bartels main argument in his book revolves around economic inequality. Some of his theories are disputes between Democrats and Republicans and why some of their actions have made lives better for the lower class or higher class families. In the chapter five Bartel asks the question wither Americans care about inequality or not. He quotes several professionals like Nathan…

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