Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.
Economy refers to the production, distribution, trade, and consumption of goods and services.
The estate tax (“death tax”) is one of the taxes preventing an unsustainable wealth gap; eliminating the estate tax would increase the wealth gap.
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).
Generally speaking, a modest increase to the minimum wage will increase household spending and thus stimulate the economy. However, this can be offset by job loss or hour reduction, inflation, and other factors.
According to 2016 data, slot machines account for more revenue than all other casino games combined, and penny slots account for more revenue than any other casino game.
The United States has the world’s highest incarceration rate and hosts more prison inmates than all other developed nations combined.