
By Robin Blackburn
Publish yr note: First released in December 1st 2006
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Most nations face the long run with an growing old inhabitants, but so much governments are reducing on pensions and the care prone wanted via the aged. Robin Blackburn exposes the perverse reasoning and designated pursuits that have mixed to provide this nonsensical scenario. This up to date paperback version of Age surprise contains a new preface explaining why the credits crunch and eurozone problem have had this type of devastating impression and outlining the way to warrantly first rate pensions and care provision.
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Extra info for Age Shock: How Finance Is Failing Us
Sample text
Department of Energy. The data has shown that over the last 20 years there have been marked improvements in the efficiency of home appliances. S. Department of Energy 2010). Any savings that may have accrued from energy efficient appliances have been transferred to heating and cooling costs of a bigger home. Homes have grown in size, but lot sizes have stayed the same, leading also to the effect of less yard space. This has peripheral effects that may be related, such as increased childhood obesity rates due to less outdoor activity.
This data also suggests that there is a difference between owned and rented property, as rented property has a lower per household member energy usage than owned property, by almost 10 Btu on average. This is most likely due to additional energy consuming amenities found in owned versus rented property, such as air conditioning. By providing additional tax GOAL-ORIENTED TAXATION: A BRIEF DISCUSSION OF THE LIVING. . 17 expenditure incentives for owners of property to install energy-efficient appliances, this differential may be reduced, but it would be difficult to forecast by exactly how much.
I would argue that a progressive property tax with limited tax expenditures would have a greater overall impact on increasing the progressivity of the overall federal tax system. For the only way to properly judge the progressivity of a tax system is to look at the outcomes over a period of time. If the disparity of wealth is greater over some period of time, as has been the case in the United States over the past half-century, then the tax system is not as progressive as it may seem by looking at marginal rates.