Wealth taxes
Article Abstract:
Taxes on the value of the stock of net assets which a person owns, or personal wealth, account for only a very small proportion of the UK government's overall tax revenue. There are arguments both for and against taxing wealth, but Prime Minister John Major has stated that some existing wealth taxes will be abolished. Opponents of taxing wealth believe that this approach reduces incentives to save and work, while supporters believe that people with the same ability to pay should be taxed equally.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1997
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Economics and higher education
Article Abstract:
The UK has a lower higher proportion of young people in higher education than other European countries, but there are several economic implications of expanding higher education in the UK. Many economists use the human capital theory to support increased investment in higher education, but this approach regards education merely as an investment good rather than a consumption good, and does not evaluate the social benefits on increased spending on higher education.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1996
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