Jump to content
  • ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Content

    • By Bo0mB0om
      Monopoly Restored How the Super-Rich Robbed Main Street

      Monopoly Restored: How the Super-Rich Robbed Main Street by Jack Lawrence Luzkow
      English | PDF,EPUB | 2018 | 385 Pages | ISBN : 3319939939 | 4.33 MB
      This book is a work of contemporary economic history focusing primarily on the US and the UK. It shows that, historically, much of the wealth of the ultra-wealthy has been based on inheritance, tax evasion, political influence, or wage theft. much of the wealth of the rentier class-the super-rich-is based on income from ownership or control of scarce assets, or assets artificially made scarce. As a result, the super-rich reap much of their wealth from patents, monopolies, and subsidies. Their banks retain the right to speculate on risky derivatives, and their credit-card companies are not limited by usury laws that reduce interest rates.

      The super-rich have lowered (or escaped) inheritance taxes, shifted much of their income to lower taxed capital gains, practiced wage theft, fought minimum wage laws, outsourced jobs, and resorted to temps and contract labor to avoid unions and decent wages. They use tax havens where trillions of dollars remain untaxed, transfer profits of their intellectual and financial property to subsidiaries in low-tax regimes, and defend for-profit health insurance that is unaffordable and inequitable for millions. This book states in qualitative and quantitative terms how expensive the super-rich have become, why they are unsustainable for the rest of us, and what the way forward to greater economic equality may be. In sum, the super-rich are unaffordable.
      (Buy premium account for maximum speed and resuming ability)




    • By Bo0mB0om
      Monopoly of Credit

      Monopoly of Credit by Clifford Hugh Douglas
      English | Dec. 1980 | ISBN: 0904656012 | 218 Pages | EPUB | 75.1 KB

      Banks provide credit and take deposits. Whereas a high price in the credit market increases
      banks' retained earnings and attracts more deposits, it reduces lending if borrowers are suffi-
      ciently poor to be tempted by diversion. Thus optimal bank market structure trades off the benefits
      of monopoly banking in attracting deposits against losses due to tighter credit. The model
      shows that market structure is irrelevant if both banks and borrowers lack resources. Monopoly
      banking induces tighter credit rationing if borrowers are poor and banks are wealthy, and increases
      lending if borrowers are wealthy and banks lack resources. The results indicate that
      improved legal protection of creditors is a more efficient policy choice than legal protection of
      depositors, and that subsidies to firms lead to better outcomes than subsidies to banks. There
      are also likely to be sizable gains from promoting bank competition in developing countries
      (Buy premium account for maximum speed and resuming ability)




  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...