fiscal and inequality

• Norway has a Gini coefficient of 0.23 in 2011
• Progressive taxes


  Tax system where the tax rate increases as the taxable amount increases
• Norway's extreme poverty rate in 2015 was 0.2%
• Singapore has a lot of structural unemployment
• Singapore committed to invest at least 1% of GDP into research and development
• Economic stimulus package


  Government measures to stimulate the economy during a recession
• Barack Obama's economic stimulus package ended the recession following the 2008 financial crisis
• Obama's stimulus package cut taxes by $290 billion
• Obama's stimulus package


  Helped build consumer confidence after the recession and reduce unemployment
• Obama's stimulus package


  GDP growth rose from -2.6% to 2.5%
• In the USA in 2018, the wealthiest 10% owned 70% of wealth
• The USA had a Gini coefficient of 0.42 in 2022
• India cut the Goods and Services Tax (GST) on a number of goods and services in 2019 to boost consumer demand
• Greek debt crisis


  2010-2018 period of economic crisis in Greece
• Greece's response to the debt crisis


  1. Reducing government spending

  2. Increasing revenue

  3. Increased taxes
• Greece's response to the debt crisis led to significant social unrest and political instability
• Greece's debt crisis was a structural problem caused by high tax evasion
• Tests in Canada in the 1970s showed that only 1% stopped working with a UBI
• China has a progressive income tax which ranges from 3% to 45%
• Most education in Germany is free