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Inequality: Difference between revisions
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# '''Around the world the tax bracket levels of too early'''. The [[Laffer curve]] is often quoted here as higher tax can be a disincentive to work, there is some merit in this however modern analysis has found that the top of the curve should be 70% not 40% which is seen around the world<ref name=":0" />. | # '''Around the world the tax bracket levels of too early'''. The [[Laffer curve]] is often quoted here as higher tax can be a disincentive to work, there is some merit in this however modern analysis has found that the top of the curve should be 70% not 40% which is seen around the world<ref name=":0" />. | ||
#'''Tax havens'''<ref>https://www.cbc.ca/news/offshore-tax-haven-leaks-panama-pandora-paradise-papers-1.6205447</ref>. As a wide range of leaks have revealed, even with a lower tax rate many individual entities move abroad to tax havens. | #'''Tax havens'''<ref>https://www.cbc.ca/news/offshore-tax-haven-leaks-panama-pandora-paradise-papers-1.6205447</ref>. As a wide range of leaks have revealed, even with a lower tax rate many individual entities move abroad to tax havens. | ||
=== Inequality and the Environment === | |||
One of the most common arguments for not doing anything is "China and India have 2 billion plus people, why should we do anything?". The richest 10% on earth are responsible for 52% of global emissions, and the richest 1% are responsible for 15. | |||
'''References''' | '''References''' | ||