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Questions tagged [economy]

Questions relating to the politics of economic theory or economic policy of any country or the international community. General economic questions can be asked on Economics.SE https://economics.stackexchange.com/

13
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1answer
2k views

Why does EU seem to disfavor e-books when compared to physical books?

According to this article EU court decided that e-books should not benefit from tax reductions that are applied to physical books: E-books must be subject to the full rate of value-added tax (VAT), ...
10
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2answers
2k views

What are the main reasons for capping interest rates in Spain?

Romanian Parliament is trying to adopt a law to cap the interest rates for all loans: According to the form adopted by the Senate’s committees, the annual effective interest rate, also known as ...
5
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1answer
886 views

How will Trump’s tariffs affect North Korea?

How will Trump’s tariffs affect North Korea? Do tariffs mainly worsen the condition of the North Korean economy?
59
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17answers
21k views

Why would the government force its population to save for retirement?

Here in Denmark we pretty much have "forced" retirement saving. Almost everybody in regular employment pays about $15 a month plus 12% of their monthly salary into a pension fund. [1] You can save ...
76
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16answers
19k views

What ethical (if any) or economical arguments are offered in defense of the inheritance tax?

Although I am normally quite supportive of higher taxation, I've never really felt comfortable with the inheritance tax. I see no reason why the government should tax the money a parent wishes to ...
0
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3answers
162 views

Special autonomous Regions

Hong Kong and Macau are Special Autonomous Regions of China and are economically prosperous. Has the economy of mainland China benefited from these SARs? If a country like India give similar autonomy ...
7
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1answer
498 views

Does the DEA have authority to prohibit any substance?

According to the DEA’s Denial of Petition To Initiate Proceedings To Reschedule Marijuana from 2011, one reason for the cannabis plant’s Schedule I status is because it has “no currently accepted ...
7
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5answers
711 views

If medication prices in the US are higher than in other countries, why not import from there?

In the United States, many medications are much more expensive than in other countries (see for example How the U.S. Pays 3 Times More for Drugs). This is a serious problem for many patients, and ...
7
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4answers
1k views

Why is Hawaii's unemployment rate so low when they have such little economic freedom?

Hawaii's unemployment rate is the lowest in the nation (2.1%). https://www.bls.gov/web/laus/laumstrk.htm Yet they are almost last in economic freedom (#48). https://www.freedominthe50states.org/...
58
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10answers
16k views

What will happen if China stops loaning money to the U.S.?

US's external debt to china is a staggering 1.1 trillion US dollars and according to many economists, it's highly unlikely that U.S. will be able to pay back the entire external debt to China in the ...
4
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3answers
223 views

Why do developing nations keep far more bigger forex reserves than developed nations?

I came across this list of countries with their forex reserves and what's interesting is that the developing nations (also some of fastest growing economies) like India, China, Brazil, Thailand are ...
10
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3answers
1k views

Have tariffs/protectionism ever worked?

Has there been a case where an increase in import taxes was linked to an improved economic status in a country? Ie - resulted in net jobs saved, increased GDP etc. It doesn't need to necessarily be ...
3
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1answer
566 views

Are there economic benefits to federalism?

The Philippines may be implementing some form of federalism. Are there economic benefits to federalism? I ask because I observe that both Malaysia and the United States have some kind of federalism, ...
3
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2answers
192 views

What are US equities?

Referring to the chart: What do the units represent? Is it directly related to GNP?
5
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7answers
1k views

Why do politicians care so much about economic growth? Or: Why did the US need a tax reform?

In the US, economic growth does not seem so hard to achieve. If you look at the GDP of the United States, it seems to just grow and grow. Even the multiple crises along the way have only had minor ...
1
vote
1answer
205 views

Corruption, efficiency and economic success of the Chinese government

Chinese Government is accused of massive corruption, some critics say that the censorship does not allow the revelation of corruption in China. How did the Communist Party of China from 1976 onwards ...
3
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1answer
516 views

What is public credit?

In a quote by President Hoover referring to a veto, he stated: With the utmost seriousness I urge the Congress to enact a relief measure, but I can not approve the measure before me, fraught as ...
7
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4answers
864 views

Is there any record of Keynesian Economics improving the economy?

The ideological opposite to this question, whether Trickle-down Economics has improved any economy, has been asked. The accepted answer insinuates that Trickle-down Economics probably does not work in ...
8
votes
1answer
120 views

Who can decide a major restructuring of debt in European Union?

Looking at the evolution of Greece government debt/GDP one can see that it is still at a very high level. (however, the forecast indicates a positive trend). According to Wikipedia's article on the ...
7
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1answer
604 views

Max Weber and Confucianism

Did Max Weber discuss possible pragmatic economic advantages of Confucianism (or broadly speaking Asian values) at some point? Max Weber famously authored The Protestant Ethic and the Spirit of ...
13
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4answers
2k views

Is the economics theory of Karl Marx regarding technological progress realistic to the end?

Marx claimed that the introduction of more and more advanced machinery would lead to unemployment of workers, which decreases the ability of the society to buy things, which is a vicious cycle. ...
3
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0answers
116 views

Are there political answers to AI-induced mass unemployment? [duplicate]

Artificial Intelligence (AI) is widely discussed at the moment, e.g. on numerous occasions at the World Economic Forum 2017 and 2018 in Davos (https://www.youtube.com/watch?v=rw4aWeL3v5g) (2018 ...
3
votes
1answer
284 views

Why have US Presidents historically not attended WEF-Davos?

For more than 40 years, the World Economic Forum has met annually to discuss business, politics, research, and policy yet only two US Presidents have ever attended: Clinton (2000) and Trump (2018). ...
7
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2answers
273 views

Global policies on hiring ex-convicts

Spawned from this other SE question. In the United States it is challenging for ex-convicts to find gainful employment. A few states have gotten on board the Ban the Box initiative, referring to the ...
8
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2answers
748 views

How does legalized prostitution affect human trafficking, if at all?

When reading up on prostitution in places like Nevada, Greece, Mexico, Germany, the Netherlands, et cetera; one reoccurring theme I keep see popping up is that Human Trafficking seems to become a ...
18
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3answers
3k views

Dealing with crime in cryptocurrency based economies

Most cryptocurrencies are anonymous where the origin of coins is not known and transactions are also anonymous (this may not be 100% true but lets assume perfect anonymity). The society prevents ...
-1
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2answers
267 views

What are the negative economic effects of lower taxes in the US? [closed]

While lower taxes theoretically lets Americans keep more of their own money, what are the negative economic effects to this policy?
39
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9answers
9k views

How could the free market limit the effects of net neutrality's repeal?

How could the free market limit the effects of net neutrality's repeal? Specifically, how will consumers' internet access be protected without government regulation?
81
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4answers
16k views

Is there any record of Trickle Down Economics improving the economy?

Since the senate passed the tax bill this month that's left me confused. I try to look at both sides of partisan politics rather than joining one team and hating everything about the other. Now to ...
9
votes
1answer
236 views

How does Saudi Arabia prepare for when they run out of oil?

I've thought of it many times, actually an "ally" due to the petro dollar, what programs has Saudi Arabia implemented to prepare for a transition to a post-oil world economy?
0
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2answers
118 views

In what way do political parties gain with the pressure of lobbies and vice versa

For example, an electrical company pressuring the government to vote against a political proposal that should tax this very same company. In what way do political parties gain with the pressure of ...
3
votes
2answers
211 views

What do you call it when everyone gets an equal vote on how taxes are spent?

I had an idea and was wondering if there's a term for it or if there might even be groups or research surrounding this policy. The basic idea is that each year citizens of a country would vote for ...
16
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3answers
7k views

Why do some countries forbid working on Sunday rather than strictly regulating it?

According to this source, Poland will gradually forbid commerce on Sundays: Poland’s ruling party approved a law that will gradually impose a ban on Sunday shopping, meeting the demand of its ...
0
votes
2answers
269 views

Is there a map of which developing countries are influenced by which nations in terms of neocolonialism?

According to Wiki: Neocolonialism is the practice of using capitalism, globalization and cultural imperialism to influence a developing country in lieu of direct military control (imperialism) or ...
0
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5answers
820 views

Open source community - a digital communism or something else?

Here on politics SE I read the following: In order for communism to be moral, it requires everyone to voluntarily cooperate with each other towards a common goal. Unfortunately, people do not ...
3
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1answer
247 views

What would happen if we banned CEO stock-options tomorrow?

I've been reading about how CEOs have apparently changed considerably how they view their companies when able to take a large majority of their pay in the form of stock options; and now a lot of them ...
-3
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2answers
2k views

Are there any measures to limit inheritance in capitalistic countries?

I'm not asking here whether this should be done or not and not going to argue here that it's fair/unfair. Currently in most (if not all) market economy countries people are allowed to inherit ...
1
vote
1answer
384 views

Why don't people pay some tax to the country where they were raised? [closed]

In most countries, public primary and secondary education is free. If later the thus raised people leave the country to work abroad, then this is economically quite disadvantageous to the home country....
4
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2answers
166 views

How do governments around the world model the economy?

In the media (in my country at least) when they report on policy that will affect the economy I have often heard the phrase "treasury modelling". I assume this means they model the economy to predict ...
22
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6answers
14k views

Does currency exist in communism?

I've thought about this before, but never heard any explanation as to how this works. My understanding of communism is: Everyone works. Everything is rationed out equally. Since there is no ...
5
votes
1answer
771 views

Why is Daylight saving time (DST) still used in so many Western countries?

DST was observed in many countries last week-end (28-29.10.2017). This article tells us about the origin of DST: Agrarian cultures built their societies around sunlight, waking up with the sun to ...
47
votes
8answers
19k views

Is it possible to be a socialist and a capitalist?

I don't know how to label my economic belief system, and it's frustrating when getting into discussions with other people. I believe in Capital. I believe that people have a right to earn more than ...
2
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1answer
139 views

Has there been research regarding the costs of maintaining a federation as opposed to a unitary state?

As an example, the United States are currently controlled by a bicameral Federal government and 50 state legislatures of which 49 are bicameral. This means that essentially there are 51 slightly ...
13
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1answer
1k views

Is China really Communist?

Having read Karl Marx, and seeing the 10 tenets of Communism, I find it hard to consider China as a Communist country. Just trying to stick to the 10 tenets. Abolition of private property, ...
21
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2answers
3k views

What have been the arguments against VAT in the US?

The majority of countries in the world have implemented a Value Added Tax (VAT) - sometimes called a Goods and Services Tax (GST) - why hasn't the US? EDIT - I would assume that if a VAT were ...
1
vote
0answers
39 views

Does the US tax plan being discussed address international tax deferral?

International tax deferral - the principle that taxes on multinational company profits need only be paid when/if those profits are repatriated - is arguably the largest cause for lack of tax revenue ...
6
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2answers
1k views

Why did Friedrich Hayek support Universal Basic Income

Hayek is a staunch free market capitalist, small government - bordering on 'taxation is theft' economist. How did he explain his support for universal basic income?
2
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3answers
594 views

Why are there so many countries that apply interest rate caps/ceilings?

Interest Rate Ceiling is "the maximum interest rate that a financial institution can charge a borrower for an adjustable rate mortgage or loan according to the contractual terms of the mortgage or ...
7
votes
3answers
463 views

What connects successful enterpreneurs and populism?

Many of the representatives of the 21st century populism turn out to be business leaders (like Trump, O'Leary, Babiš). What is the most accepted theory on why is it so among political science scholars?...
46
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3answers
8k views

Do separatist nations inherit any national debt?

Do separatist nations inherit any national debt? For example, given Spain has a debt level of £1.1 trillion at the time of writing, if Catalonia becomes an independent nation is there any legal ...