economonkey

The Laffer Curve is a description of the theoretical optimum point of taxation rate on a population. It implies that there’s a ’sweet spot’ of taxation where the most income is generated for government coffers. Set the taxation rate too low and the government misses out on potential revenue. Set it too high and an [...]

The US government managed to push through its $700 billion banking industry bailout plan on the second attempt but if anybody thought this was going to be the quick fix needed to nudge the global economy back on track, it looks like they wore sorely mistaken. The Guardian reports that Wall Street’s big banks are [...]