Policies to Redistribute Income and Wealth with Evaluation. Video covering Policies to Redistribute Income and Wealth with Evaluation Twitter: / econplusdal Facebook: EconplusDal-...
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@lorikdeliu3 жыл бұрын
Can we just appreciate how Mr Dal makes these videos uncut. Serious brainpower with no stops
@thesnackbandit Жыл бұрын
Not hating but this isn’t exactly the most complicated presentation.
@zohaibgulawan9070 Жыл бұрын
@@thesnackbandit i think coming up with the ideas and examples is really inspiring if you think about it....but the way he combines diff topics is really amazing
@ionjz17 күн бұрын
You know what you’re doing if you watched this today
@Nilashaaaaa14 күн бұрын
Deadass
@ronanmcgann4308 жыл бұрын
I've learnt more from your videos then i have in the past 2 years of school
@callumjsc72447 жыл бұрын
I have two good teachers and I still learn't more from these videos than school XD
@fawazshahul7152 Жыл бұрын
Learnt more from this video than the past 7 years of school
@zero-jq3in3 жыл бұрын
This guy really be helping me with my economics VCE homework. Thanks man :)
@sharminseco50043 жыл бұрын
Thanks so much Dan! My assessments have been successful thanks to ur videos :)
@talkaviation92613 жыл бұрын
amazing video man, really needed this for my government policies internal
@arpananepal52617 жыл бұрын
You are the best! I hopefully will do good in tomorrow' s exam. Fingers crossed
@ninonino70786 жыл бұрын
so did u do well?
@aliqureshi97413 жыл бұрын
@James Abdullah go away bots
@arpananepal52613 жыл бұрын
@@ninonino7078 I don’t think I did that well hahaha
@samimansour42803 жыл бұрын
@James Abdullah fake
@Thorfinn_editZ16 ай бұрын
@@arpananepal5261what’d you get
@svvetlanalana6 жыл бұрын
OMG DID U TAKE THE IB?? YOU KNOW EXACTLY WHATS ASKED ON THE TESTS. THANK GOD FOR YOUR CHANNEL!
@moosanisar59953 ай бұрын
Thanks a lot Mr.Dal
@beatriooz3 жыл бұрын
Best teacher ever
@jimlite85687 жыл бұрын
Great video thank you very much!!
@alevelzah1177 жыл бұрын
Very good video!
@lilgamerx27772 жыл бұрын
Keep up the goodwork sir!
@sourajitaiyer5 жыл бұрын
Very informative! Thank you for sharing
@brianmanerama93283 жыл бұрын
hi sir. what are the two policy options to adress some of the undesirable implications of higher construction materials prices.?
@skylerwang88462 жыл бұрын
OMGGG THANK U I NEEDED THIS~~~
@Naraluxury7 жыл бұрын
Thank you so much
@dream84615 жыл бұрын
THANK YOU VERY MUCH
@anmol24735 жыл бұрын
ib eco exam tomorrow, thank uuuuu
@ay6134 жыл бұрын
Cheers.
@leakpeak555 Жыл бұрын
Great
@nortongartino46024 жыл бұрын
thank you
@elliott19328 жыл бұрын
Great video, could you mention Universal Basic Income as a policy to reduce inequality. If so, what would be the pros and cons ?
@ninonino70786 жыл бұрын
pros: increase in living standard cons: less incentive to work so fewer people in workforce thus fall in human resources leads to a fall in productivity of the economy thus reducing unit labour costs as a result leading to a fall in international competitiveness leading to a fall in AD as net exports decrease ; and net imports could increase leading to a current account defecit
@erth2man4 жыл бұрын
This would surely result in government funded drug addiction. Make no mistake, the thriving black market would love for poor people to suddenly have money to spend. Remember that many people are poor because they don't / didn't make smart decisions and choices all along.
@amanfazil54882 жыл бұрын
@@erth2man Cynic's guide to economics 🙄
@erth2man2 жыл бұрын
@@amanfazil5488 An easy example to understand, If we gave 50 people in their mid 20s from all races and sexes $100 each, they would all be equally invested at that point. That evening some would go out and lay it on a bar to drink all night and celebrate. Others would plan a weekend out,.....but there would be a few that might invest in a mutual fund. Come back in a week, then a year and see how the wealth equality has worked out. Should those that profited by investing rather than taking immediate pleasure share their "wealth" with those that drank their money away? I think not.
@MCart1215 Жыл бұрын
@@erth2man Lmfao real life wealth is much different to that. The majority of wealth is inherited, and the majority of poverty is inherited.
@PankajKumar-ot3mg3 жыл бұрын
Sir how can we buy your books Is it available on amazon Is it available in India?
@Danzii2 жыл бұрын
I have the financial sector and economic development playlists left 1 month and 4 days tll the first exam. I have now upped my study hours to 50 hours plus 1 all nighter per week. I started watching this too late
@7amda7 жыл бұрын
can these be gov interventions for poverty and inequality aswell
@WaqasK-Khan556 жыл бұрын
Yeah they can; the policies that increase income for low earners can be manipulated to say that they could also lift people out of relative poverty, and the policies that increase income for the poor and reduce income for the rich such as the taxation policy, minimum wage/maximum wage etc. can be manipulated to say that they too decrease inequality and lessen the gap between the rich and the poor. You can draw a Lorenz curve and line of absolute equality to show the reducing inequality.
@MC10W2 ай бұрын
thss ias btoh ,micro and mszcro yeh?
@erth2man4 жыл бұрын
The outcome we should be striving for is to lift the poor of society out of poverty, not to reduce the wealth of the affluent. This can only happen by creating more wealth, not by redistributing wealth from those that are productive to those that less so.
@chrismonks5922 жыл бұрын
I think these these things are debatable. However I do agree that we should be aiming to end poverty. I'm generally left wing however I do see how some more central right ideas can really help with poverty. The problem is that people have become slightly obsessed with being left or right wing and so when they here ideas that come from the other ideology even if they may be helpful they sometimes dont listen
@woogahmm1404 Жыл бұрын
The thing is, wealth from the rich has a compound effect and they only get richer as the assets they own bring them more money. Hence, to really lift the poor out of poverty, redistribution of wealth is important or else the wealth will continue to be owned by the riches and that wealth will grow as it is stored over time which takes up the potential for the poor to even get wealthier. Resources are scarce, wealth is limited and only those who own the resources create more and more wealth; something the poor simply can't get :( to help them get lifted out of the poverty cycle, what they need is that of wealth redistribution mixed in with their own dedication and productivity
@erth2man Жыл бұрын
@@woogahmm1404 First off I don't agree that wealth is limited at all. When wealthy industries and people become more wealthy they hire more people and do in fact provide more opportunity. The rising economic tide lifts all boats. Wealth is not a zero sum amount in that if one sector takes a larger percentage it reduces the remaining amount for others to control. To lift lower income people out of poverty can be achieved by providing additional employment opportunity....... that corporations and wealthy people provide.
@woogahmm1404 Жыл бұрын
@@erth2man have you heard of the concept relative poverty? what you described here fits the fact that this is exactly what is happening and relative poverty still continues to exist in large percentages
@erth2man Жыл бұрын
@@woogahmm1404 In the US for instance, there is a vast spectrum of safety net systems to keep people form absolute poverty and in many cases will elevate them above the relative poverty line. Many of the people that would qualify for nationally or locally available assistance programs never even applied to take advantage of them. Wealthy people already help everyone by investing capitol so it is available for people to borrow to start a business or seek patents for creative ideas creating more wealth. This helps themselves and the other people they hire to be above relative poverty. There is no limit to resources that everyone has access to, it only takes those with imagination and the willingness to make it work for them. Capitalism and the free market is still the best system by far for bringing the largest percentage of people out of poverty.
@lukadjurkovic40633 жыл бұрын
VAT doesn't necessarily have to be regressive; you just have to make essentials tax exempt.
@zk_0114 жыл бұрын
daddy dal
@charlieh20885 жыл бұрын
that shirt makes me blush
@sohumkarl2 жыл бұрын
g ur massive
@adamgirach45048 жыл бұрын
can you use the laffer curve for econ3?
@frozenchicken698 жыл бұрын
its only for unit 4 loool
@adamgirach45048 жыл бұрын
+hasan karakaya ffs. so fucked for monday
@frozenchicken698 жыл бұрын
What exam board
@adamgirach45048 жыл бұрын
+hasan karakaya AQA. wbu
@frozenchicken698 жыл бұрын
You use it in aqa i think
@Pilgrim1st6 жыл бұрын
What does MRP stand for?
@ninonino70786 жыл бұрын
marginal revenue product which is the additional revenue from hiring an additional worker so basically a measure of how productive an individual is
@Pilgrim1st6 жыл бұрын
Thank you very much!
@aruncouchman58775 жыл бұрын
My mans wearing a bra
@aruncouchman58775 жыл бұрын
@Great Leader Kim il Sung aye big up Virang Dal the g
@cnault32444 жыл бұрын
"Policies to Redistribute Income and Wealth with Evaluation" As it is more honestly known: Policies to Steal Income and Wealth and Give it to Other People
@Alex_001232 жыл бұрын
@A-level Maths Solutions yeah it isn't that deep that the state can arbitrarily cease peoples assets