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Questions tagged [money]

Questions related to the political aspect of money.

10
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2answers
371 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
116 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
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1answer
191 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
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1answer
110 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
369 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
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1answer
253 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.
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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0answers
32 views

Are political donations to foreign politicians residing in Canada but campaigning abroad tax free?

There are a lot of new rules in Canada about political donations. But what about someone living in Canada who is campaigning to be elected abroad? Are donations taxable by the Federal government of ...
3
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3answers
320 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
10k 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
2k 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?
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7answers
1k 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
272 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
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1answer
219 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
257 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
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2answers
168 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 ...
6
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3answers
1k views

Has high taxation of the rich ever 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). My question is this: Has very high ...
0
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1answer
111 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
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4answers
771 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
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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
674 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
546 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
6k 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 ...
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2answers
4k 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
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1answer
242 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?
6
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2answers
282 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
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1answer
121 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
90 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 ...
16
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3answers
1k 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, ...
11
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1answer
360 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
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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
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2answers
728 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
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1answer
249 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 ...
20
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7answers
4k 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
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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
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2answers
3k 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 ...
12
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3answers
942 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 ...
4
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1answer
327 views

What are the main obstacles for implementing a Resource Based Economy as proposed by Jacque Fresco?

I couple of years ago I saw these movie about The Venus Project and was very exited about it but after reading a couple of books (The Blank Slate, How the mind works) from Steven Pinker it seems to me ...
6
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1answer
212 views

US Foreign Aid Accountability

When the United States gives money to foreign countries for some stated purpose, who checks to see that the money we give them actually goes to where it was intended? Also does this supposed audit of ...
9
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1answer
438 views

How much of the deficit would be reduced by increasing taxes on the top 1% to 1990s levels?

President Obama has talked about raising taxes on the super-rich as one way to balance the national budget. This New York Times opinon piece says: We can achieve significant deficit reduction ...
4
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2answers
258 views

What arguments can be given in favour of financial barriers for participation in elections or electoral debates?

From this comment comes the quote: on a practical level, if you suck as a politician THAT much that you can't raise a paltry $50k in a country with 300Mil population, you clearly don't have enough ...