The financial wealth of Slovaks is calculated in about tens of thousands of euros, as a matter of fact, the wealth of Slovaks lies in the bricks of their houses. A house or a flat is a money-making property only for a very small number of Slovaks. Income from capital will push the inequality rate higher.
Reflecting and reporting on the impact of the new coronavirus on the ages-old obsessive (in)equality academia, media and others are swinging between claims that SARS-CoV-2 / COVID-19 (the pathogen / the disease) is either a blindfolded leveler or, on the contrary, a balance destroyer.
For the first time in years, the citizens of European Union actually proved to be somewhat interested in the future of our Union – the voting turnout turned out to be incredibly high this year. Over 50% Europeans have raised their voices. What can we learn from the results?
Although we must admit the existence of inequality, why do we get so irritated by it? What is that 16-year-old missing to understand? It is the knowledge that inequality isn’t caused by someone biting a bigger chunk off a single global pie.
Progressive taxation is considered to be the most popular measure to reduce income inequality. The aim of the conducted research was to enlighten this discussion by exploring to what extent the progressiveness of PIT is a decisive factor in reducing income inequality.
“Inequality” refers to very important aspects of social life. But the debate on equality is full of confusion because of its many meanings, methodological and empirical errors and very strong emotions which “inequality” evokes. Conceptual confusion includes the lack of precise distinction between the inequality of situation and the inequality of opportunity.
Walter Krämer, a professor of statistics, found out that the OECD had produced the statistical nonsense of the month: According to a recent study published in May 2015 the topmost 10% of all German employees earn 6.6 times more than the undermost 10%.
The modern debate on inequality is, in practice, a discussion about the morality of capitalism. To simplify this debate by presenting two opposing worlds – a capitalist society where skills and effort lead to inequality, and a socialist society where the state can secure equality – may be a good learning experience, but leaves aside the challenges that we face in the modern world.