Income Distribution

Income Distribution News

  • Portugal Reforms Urged by OECD to Fix Economy’s ‘Achilles Heel’

    Portugal needs further education reforms and should consider introducing changes in the tax system to help its economy, the Organization for Economic Cooperation and Development said.

  • End the Home Mortgage Deduction

    The U.S. housing market continues to recover. This week, we learned that the number of homeowners who are newly delinquent on their mortgages has fallen to pre-2007 levels. Housing prices also rose 9.3 percent in February for the biggest year-to-year advance since May 2006. To top it off, Fannie Mae, the government-owned mortgage financier, today said it is returning $59.4 billion to taxpayers after a record quarterly profit.

  • CMIA Targets $150 Million for New China Private-Equity Fund

    CMIA Capital Partners Pte, run by former bankers at Cargill Inc. and HSBC Holdings Plc, plans to raise $150 million for a private-equity fund by the end of the year to invest in Chinese agricultural businesses.

  • Finland Says Euro Can Survive Cyprus Exit as Strict Rules Sought

    The euro region would be able to survive Cyprus leaving the bloc as members need to ensure rules are adhered to, the head of Finland’s highest parliamentary committee said.

  • Liberals Should Embrace the Ownership Society

    Rising inequality in the U.S. and Europe generates plenty of commentary nowadays, but not so many compelling prescriptions. I’ve a simple theory for why this is. The left really cares about the issue, but bars itself from considering effective remedies. The right could come up with some effective remedies, but doesn’t really care.

  • Nobody Immune From Income Volatility, Even Rich

    Over the past three decades, the highest incomes in the U.S. have risen dramatically, and that has appropriately received lots of attention. At the same time, however, these high incomes have also become much more volatile, and that has gone almost unnoticed.

  • China May Delay Plan to Reform Income Distribution, Caijing Says

    China may postpone releasing a plan for income redistribution as the government couldn’t reach a consensus on a draft by the National Development and Reform Commission, Caijing magazine reported.

  • Central Bankers Brace for Life With Politicians

    The financial crisis and its aftermath have raised questions about central banks and their mandates.

  • China Wealth Gap to Stay in Danger Zone, Government Adviser Says

    China’s income gap will persist at a “dangerously” high level over the coming decade, putting pressure on the nation’s incoming leaders to curb corruption and state control of industries, according to a government adviser.

  • China Approves Income Plan as Wealth Divide Poses Risks

    China’s State Council approved an income-distribution plan intended to tackle the nation’s wealth gap, with the government describing the task as huge, complicated and unable to be completed in a single step.

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