What It’s Handy To Know About a Wealth Tax

Considering the complexities of the past and present wealth tax in OECD countries, we can better decide if it should be used to diminish wealth inequality.

What If One Quarter of Your Population is Old?

As a growing demographic, the aging population in China has been targeted by businesses selling consumer goods and residential and financial services.

The Nudge Toward a Goldilocks Savings Rate

We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.

One Reason That We Have Nutella

Inside a jar of Nutella you might have a little bit of the Ivory Coast, Turkey, Malaysia, the EU and the US. Processed in the EU, Turkey, Russia, Australia, North or South America, the cocoa and hazelnut spread is then…

5 Best Places To Be Born

In 1988, the United States was ranked #1 as the best country in which to be born. The people who did the ranking for The Economist Intelligence Unit (EIU) selected criteria that you would expect. They included GDP per capita,…

The Surprising Ways That China is a Part of Our Lives

Did you eat a Smithfield ham sandwich today? Go to an AMC multiplex? Drive a Volvo? The ham, the movies and the car are from Chinese companies. One reason that Hong Kong based Shuanghui International bought Smithfield is because China…

Gender Issues: Big and Small Wage Gaps

If you want to avoid a gender gap in the return from higher education, then you could live in Greece, Spain or Turkey. By contrast, Austria, Korea, Norway, the UK and US have the biggest difference between men and women…

Do You Like the GDP?

Having just come across the “Better Life Index,” I started thinking about Ed Koch, a former mayor of NYC who often asked everyone, “How am I doing?” Here are some thoughts about how to measure how well we are doing. The…

Do You Agree With French Taxes?

Talking about taxes, economists like to quote Louis XIV’s finance minister: “The art of taxation consists of so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.” We have been hearing…

Who Does the Housework?

Who makes dinner in your home? Walks the dog? Goes to the supermarket? A study from the Organization for Economic Cooperation and Development (OECD) compared unpaid work in 29 countries. Predictably, they concluded that women do a lot more than…