Please write a brief dissertation (200 - 400 words) stating your opinion on Thomas Piketty's proposals. He proposes the implementation of a global progressive tax on capital to mitigate wealth inequality.
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- How does Henry George’s proposal for a single tax on land relate to the elasticity of the supply of land? Why are there so few remaining advocates of George’s proposal?Asap Jennifer has earnings of $2,400 and faces a constant marginal tax rate of t= 0.3. If she is caught not reporting some of her income (where U is the amount of income she doesn't declare), then her marginal penalty is U/1000. There is a 20% chance she will be caught. How much income will she optimally declare? Show on a diagram.You are a brand analyst working for a large multinational retail organisation in South Africa. Theorganisation specialises in premium products. You have been provided with the followingstatement: “According to the World Bank, South Africa remains a dual economy with one of thehighest inequality rates in the world, with a Gini Coefficient of 0.643.”The Board of Directors convened a special meeting to discuss the implications of the quote above.You are required to produce a brief on the statement above, specifically referring to theimplications it holds for the brand.You were able to locate the following graph denoting the Lorenz curve from which the Ginicoefficient was derived: Answer the following question: A discussion relating to the attributes that make the Gini coefficient a desirable means ofmeasurement.
- You are a brand analyst working for a large multinational retail organisation in South Africa. Theorganisation specialises in premium products. You have been provided with the followingstatement: “According to the World Bank, South Africa remains a dual economy with one of thehighest inequality rates in the world, with a Gini Coefficient of 0.643.”The Board of Directors convened a special meeting to discuss the implications of the quote above.You are required to produce a brief on the statement above, specifically referring to theimplications it holds for the brand.You were able to locate the following graph denoting the Lorenz curve from which the Ginicoefficient was derived: Asnwer the following: • A good, understandable definition of the Gini Coefficient. Indicate the significance of theSouth African Gini coefficient in relation to Gini coefficient ranges associated with equaland unequal income distributions;You are a brand analyst working for a large multinational retail organisation in South Africa. Theorganisation specialises in premium products. You have been provided with the followingstatement: “According to the World Bank, South Africa remains a dual economy with one of thehighest inequality rates in the world, with a Gini Coefficient of 0.643.”The Board of Directors convened a special meeting to discuss the implications of the quote above.You are required to produce a brief on the statement above, specifically referring to theimplications it holds for the brand.You were able to locate the following graph denoting the Lorenz curve from which the Ginicoefficient was derived: Answer the following: 1.1) Explain the implications of a Gini Coefficient of 0.643 relating to the South Africaneconomy, retail sector and brand of the organisation. Derive practical examples from theLorenz curve to substantiate your explanation.You are a brand analyst working for a large multinational retail organisation in South Africa. Theorganisation specialises in premium products. You have been provided with the followingstatement: “According to the World Bank, South Africa remains a dual economy with one of thehighest inequality rates in the world, with a Gini Coefficient of 0.643.”The Board of Directors convened a special meeting to discuss the implications of the quote above.You are required to produce a brief on the statement above, specifically referring to theimplications it holds for the brand.You were able to locate the following graph denoting the Lorenz curve from which the Ginicoefficient was derived: Answer the following question: Explain how the Gini coefficient is derived from the Lorenz curve by making use of thegraph provided;
- A project management consultant estimated that if a particular project was completed, t years after completion, N thousand persons would benefit directly from the project, where N(t) = t3/3 − 4.5t2 + 16t, 0 ≤ t ≤ 10 For what value of t will the largest number of people receive direct benefits?Explain how rates of return on capital, land, and nonrenewable natural resources are determined. Articulate economic definitions of poverty and inequality in the U.S. Explain how government redistributes income to address economic inequality and povertyProvide an example of a failure of market in terms of equity/income distribution that is not life-saving medicine. Is the government doing anything to account for this failure of market? In your opinion, should they do more, less or keep doing what they are doing? Explain.
- Which of the following is a reason to deviate from the Haig-Simons comprehensive income definition because of correcting externalities? a- Imperfect information b- Charitable giving c- Consumer sovereignty d- Medical expensesState True or False: Although poverty is a problem in most areas of the world, relatively few people die of causes arising from poverty.How is opportunity cost treated in calculating cost of equity
