In light of the upcoming General Election for Singapore, many political parties are campaigning to entice citizens to vote for them. Among a bundle of policies being promoted by different parties, one of which is the implementation of a minimum wage of $1,000 by the workers party. “Such a move would not only help the…
After such a long period, the topic on the cause of The Great Depression has yet to reach a definite answer. The Marxists contended that the depression was unavoidable under free-market capitalism as there was no restrictions on accumulations of capital which when over-accumulate will tend to lead to a crisis. On the other hand,…
Familiar to many, the negative income tax was formerly developed by British politician Juliet Rhys-Williams in the 1940s and later by Monetarist Milton Friedman. The NIT acts like the regular tax system but instead of taxing lesser on people below the stipulated threshold, it supplements them with an additional income determined by the NIT. Take…
On the 22nd of January 2015, the European Central Bank (ECB) launched a massive government bond-buying program which will inject hundreds of billions in new money into the euro zone economy. The ECB said that the purchasing of sovereign debt will last about a year and a half from March onwards, till the end of…
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