The much-touted R100 monthly Basic Income Grant to all 42 million South Africans would absorb tax revenues of R50.4 billion a year. That’s about 17% of government’s current R300 billion budget, until increased under pressure. SA Council of Churches spokesman Father Joe Mdhlela says South Africa is not a poor
The proposed European Constitution would result in a uniform Europe-wide system of high tariffs, subsidies and unreformed labour markets, say critics.
Except for direct taxes and foreign policy, social and economic policies of the member states of the EU will be “harmonised.”
Instead of providing for competition in economic policies
The U.S. House of Representatives attached a bill to create tax-preferred savings accounts for medical expenses to its Medicare expansion legislation. The bill would make major reform in Medicare and private health insurance, says NCPA Government Affairs Director Michael F. Cannon.
H.R. 2596 would create tax-preferred Health Savings Accounts (HSAs)
The 1994 North American Free Trade Agreement (NAFTA) between the United States, Mexico and Canada eliminated trade barriers among the three nations. As a result, the whole U.S. economy is better off, says Daniel T. Griswold.
NAFTA helped to stimulate America’s longest post-war economic expansion:
Between 1994 and 2000, civilian
Very little is known about the causes, effects and extent of climate change, says James Schlesinger, former U.S. secretary of energy under Jimmy Carter.
Yet in recent years the inclination has been to attribute global warming to a single dominant cause the increase in greenhouse gases. But climate has
The key to economic development in Africa is agriculture, says Norman E. Borlaug, professor of international agriculture at Texas A&M University, and a recipient of the Nobel Peace Prize in 1970.
Fortunately, we have the economic and technological means to bring about an agricultural revolution. Using proven agricultural techniques, Africa
