Questions tagged [money]

Questions related to the political aspect of money. Also consider the tag [currency].

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27
votes
2answers
6k views

Why are Amex fees allowed in the European Union?

As I was reading this answer on Travel SE, and more specifically this part: In one hotel in London I had to pay 3% extra for using Amex instead of Visa/MC. I started reading some more about this ...
21
votes
4answers
4k views

How does the credit rating of a country affect its populace?

I am coming from a UK perspective; we lost our AAA credit rating in 2013, and dropped again in 2017 after the referendum on European Union membership. It was reported last week that we are set to be ...
2
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3answers
177 views

What happens to money paid in fines?

Recently, Facebook agreed to settle a data privacy issue by paying 5 billion dollars in the United States, in an action brought by the FTC. What does the government do with all that money?
2
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4answers
493 views

What prevents other nations from participating in and condoning the counterfeiting of the United States dollar?

I don't understand why people in 3rd world countries don't try to counterfeit the US dollar. If you're in Zimbabwe or Syria the government presumably isn't going to stop you and it just needs to be ...
9
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2answers
233 views

What are the possible consequences of being labelled as a currency manipulator?

What are the possible direct consequences of being labelled as a currency manipulator? Yesterday, the U.S. labelled China as a currency manipulator. Tariffs no longer being able to be used against ...
6
votes
1answer
192 views

Who limits the euro issued in each eurozone country?

In my understanding each member of eurozone prints their own euro. How was it decided how much euro will be printed by each country per year? Also, for weak eurozone countries, what is preventing ...
34
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8answers
9k views

How do governments keep track of their issued currency?

If a government issues currency and it ends up in bank accounts abroad, what stops banks from making a 'mistake' during a transfer, accidentally duplicating the currency? Is there some central ...
3
votes
1answer
202 views

Why some politicians not reducing corruption even after they earned for their 100 generations? [closed]

I am from South India. I am always voting to politicians with the hope of they will take care of people after they win. Generally, politicians are earning money by involving in corruption, In some of ...
-1
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1answer
86 views

How much money can MEP earn a month?

What is a monthly salary of Member of European Parliament, his office, assistents, and debate participation income?
1
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3answers
243 views

Why do contactless payments without pin code seem to be regulated at national level rather than at bank / customer level?

I have recently checked if I am able to change my contactless without pin limit and realized that this is not an option. So I quickly checked for other countries and it seems to be set by national ...
3
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1answer
204 views

Can the President of the United States spend private money on official events in the White House?

Couple of days ago, Trump spent lots of money, paying from his own private money, on hosting a football team in the White House for official event. Assuming the event was official, i.e. not made ...
-3
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3answers
210 views

Why are payment processors politically inserting themselves into Internet police-dom? [closed]

It seems that you can't go for more than a couple of weeks without hearing a politically-charged story of how payment processors are meddling with their clients business. Stripe, Paypal, Mastercard, ...
10
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2answers
514 views

Why do Europeans pay for European products with US Dollar?

In Jean-Claude Juncker's most recent speech on the state of the European Union, there is this perplexing passage: It is absurd that Europe pays for 80% of its energy import bill – worth 300 ...
1
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1answer
135 views

Laws concerning the appearance of US dollars

A recent question concerning the president putting himself on the dollar got me to thinking: The US dollar at one time was printed with an appearance to celebrate aspects of education. I'm wondering ...
18
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1answer
5k views

Why are gambling winnings not taxed in the United Kingdom?

I recently moved to England and was somewhat surprised to learn that gambling winnings are not taxed. A Google search reveals this article from Forbes that explains that such a tax would be at most ...
6
votes
1answer
349 views

How were farmers affected by demonetization in India?

In 2016, The India government declared ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series invalid. This announcement led to significant economic disruption. It is said that farmers were affected ...
-3
votes
1answer
123 views

Why would a country fight money laundering by nationals of non-allied countries?

Many Western countries have laws that forbid money laundering which apply to citizens of all countries rather than just their own nationals. Countries like UK have been recently cracking down on ...
11
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4answers
428 views

How much do US presidential campaigns spend per vote gained?

I'm interested in knowing just how far my donations to a presidential candidate go in terms of garnering more votes for that candidate. I can find a lot of data on how many votes each presidential ...
1
vote
1answer
288 views

Donald Trump's wealth after becoming president

What is the effect of being president on a person's net worth? I am most interested in the current president. And any possible reasons.
19
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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 ...
3
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3answers
338 views

Is UK entitled for the brexit divorce payment refund if it rejoins later?

The UK is facing the payment of around 100 billion pounds to the EU before leaving it. Would that money be returned if the UK reapplies and joins the EU later?
64
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13answers
11k views

How can the influence of wealthy individuals on democratic processes be reduced?

This question is inspired by the discussion about lobbyism and free speech. There are two fundamental ideas in modern democracies that seem to contradict each other, while both being so fundamental ...
17
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3answers
7k views

Why do tourists have to declare $10,000 or more entering some countries?

I understand why you'd need to declare other things, but I'm not sure why money should be investigated. Why do countries have such laws in place?
1
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7answers
4k views

Can a country sell part of its land to pay off huge national debt?

I know that in history, countries have sold certain parts of their territories to other countries. If a country is in massive debt today, and they feel there is no way they can get out of it, and the ...
32
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6answers
9k views

What is currently stopping the most developed states from completely abandoning cash?

Countries such as Sweden have debit card adoption rates close to 100%. The governments of the developed world frequently talk about moving to a completely cashless society, but so far not a single ...
-2
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1answer
315 views

What political aspects prevent land purchases in North America moving national borders? [closed]

The border between the US and Mexico is about 1,952 miles long. The current US president, known for making real estate deals, previously wanted to build a large wall along the entire length of the ...
17
votes
1answer
237 views

Did US make any significant fiscal changes following Panama Papers disclosures?

The Panama Papers disclosure was a huge scandal, so there were many reactions. This article illustrates Barack Obama's reaction to this: Barack Obama is launching a crackdown on international tax ...
2
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0answers
309 views

If the US decided to inflate its way out of their debt, what would the value of the dollar drop to? [closed]

Hypothetically, what would the value of the US dollar drop to if the US government decided it wanted to inflate its way out of their national debt all at once? Would it simply be: M2 money supply / ...
3
votes
2answers
273 views

What are American politicians NOT allowed to do with the money they raise?

Suppose candidate X raises, through whatever legal means, a million dollars for their campaign. What, if any, ordinarily legal things does national law prevent them from spending this money on? In ...
10
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5answers
2k views

Has high taxation of the rich been sustainable as an economic policy?

One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise). Has very high taxation of high earners ...
1
vote
1answer
138 views

To what degree is foreign financial support allowed in US politics?

We often get lost in the is-ought problem. To what degree would a presidential candidate be allowed to accept money from foreign corporations, and foreign governments? Please include typical ...
9
votes
4answers
1k views

Barriers to a global currency

I am trying to figure out some clear points as to why there is no global currency. Not a world wide version of the EU, I am only focused on a common name/value for a single monetary unit. I know a ...
9
votes
2answers
1k views

What's the most accurate account of the current President's monetary debts?

The President owes some money. In 2016 Fortune estimated he owed $1.1 billion. Last December Mother Jones estimated he owed over $700 million, not including $2 billion in debt by real estate ...
5
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2answers
1k views

All time highest net worth of a Presidential cabinet in constant dollars?

Some sites claim that the proposed upcoming presidential cabinet and cabinet-level posts set a new record for its members' total personal fortunes: one estimate suggests it "could be worth as much as $...
10
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2answers
610 views

What sort of evidence exists that higher salaries for political offices attract better candidates?

Legislators sometimes raise their own pay while claiming that it helps them do a better job and attracts better candidates. Sometimes the pay raises are justified with seemingly scientific claims. ...
3
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2answers
9k views

Why do politicians make so much money? [closed]

Senators, ministers, presidents, .... all these people earn a lot of money, and not just during their work: when the president of the US leaves office, they will receive about 200.000 dollars annually ...
1
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2answers
6k views

How do governments stop hyperinflation?

After reading this, I wonder "How can a government stop hyperinflation?" What can other governments do to help? And for completeness, How do governments keep currency stability?
0
votes
1answer
248 views

Do the big donors to a losing US presidential candidate ever get their money back?

Do the big donors to a losing US presidential candidate ever get their money back? And if so, how, and in how much time?
5
votes
2answers
323 views

Modi's Demonetization move?

What is the real advantage of India's demonetization if it does not solve the problem of black money in India? What was the logic of introducing a note of higher denomination (₹2000)?
0
votes
1answer
152 views

How might a business overthrow the U.S. government? [closed]

Is there any way that a high end fortune 500 company with the technological development of Google or Apple could successfully overthrow the U.S. government?
2
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0answers
104 views

Hypothetical situations: private money or absolute monopoly upon money supply

Recently I've read Fon Hayeks book "Denationalisation of Money", where he suggests to stop the central bank monopoly upon the money supply. Create competitive private currencies and let the free ...
17
votes
3answers
2k views

Why was having a common currency in the EU seen as necessary?

When it was introduced, the € (Euro) was supposed to be the common currency for the entire EU, even if it turned out many countries (such as the UK) would stay in the EU without using the € currency, ...
12
votes
1answer
521 views

How much richer is the average member of the US Congress than the average professional in their district?

This is a multipart question, but it is seeking to generally understand if the average member of Congress is able to improve his lot financially by entering public service. My experience is that it ...
4
votes
5answers
1k views

Why don't politicians decide to pass laws that make themselves really rich?

Why don't US politicians in the Senate, House of Representatives, and Supreme Court decide to give themselves, say, 100 million dollars each? I understand that the politicians doing so wouldn't get ...
2
votes
2answers
746 views

How much money did Obama's Ebola czar Ron Klain donate to the Democratic Party?

I don't need the exact figure, I only want a rough estimation.
6
votes
1answer
272 views

Where Does Money from the EU's Microsoft Fine Go?

There are cases when a government will bring charges against an organization which includes a fine. One case I think of is the EU fining Microsoft millions because they bundled their media player ...
22
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7answers
5k views

Why fund the research in pure mathematics?

I post this question on politics.se, as suggested by this answer of Bjørn Kjos-Hanssen. The research in pure mathematics has (generally) no other choice that being funded by public organizations ...
5
votes
3answers
1k views

Monetary policy: why does the dollar work for the US, but the Euro doesn't for the EU

Why does Europe have so many problems with its currency? The US also has a currency that covers lots of different states, some as strong as California or NY, others on the weak side, with little ...
3
votes
2answers
5k views

How are political staff (both congressional and campaign) paid in the US?

For both politicians campaigning, or politicians that are already elected, how are their staff paid? Does it from the the politician's pocket (which I am assuming is the case for someone that is ...
15
votes
3answers
1k views

How much more do men earn than women for doing the same job?

Yesterday on the State Of The Union address, Barack Obama mentioned something that I have heard a number of times in the past. This information is taken directly from the White House website: On ...