|
Luxury Tax
A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly directly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a certain limit. A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore, the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises. Theory Luxury tax is based on the concept of positional goods, which are scarce goods whose value a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Goods
In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with superior goods. Definition and etymology The word "luxury" derives from the Latin verb ''luxor'' meaning to overextend or strain. From this, the noun ''luxuria'' and verb ''luxurio'' developed, "indicating immoderate growth, swelling, ... in persons and animals, willful or unruly behavior, disregard for moral restraints, and licensciousness", and the term has had negative connotations for most of its long history. One definition in the OED is a "thing desirable but not necessary". A luxury good can be identified by comparing the demand for the good at one point in time agai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simeon Djankov
Simeon Dyankov (, also Djankov; born July 13, 1970) is a Bulgarian economist and chairman of the Fiscal Council since March 2025. From 2009 to 2013, he was the deputy prime minister and minister of finance of Bulgaria in the government of Boyko Borisov. He has been a vocal supporter of Bulgaria's entry into the Eurozone. Before his cabinet appointment, he was the chief economist of the finance and private sector vice-presidency of the World Bank. At the World Bank, Dyankov was director for development policy and senior director in the office of the chief economist. Dyankov was involved in the publication of ''Women Business and the Law'', ''World Development Report''s and ''Ease of doing business index, Doing Business'' reports. The Doing Business reports were discontinued after an audit documented that Dyankov, along with then World Bank CEO Georgieva, pressured staff to make data for China and Saudi Arabia look better. He was an associate editor of the ''Journal of Comparative ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Positional Good
Positional goods are goods valued only by how they are distributed among the population, not by how many of them there are available in total (as would be the case with other consumer goods). The source of greater worth of positional goods is their desirability as a status symbol, which usually results in them greatly exceeding the value of comparable goods. Various goods have been described as positional in a given capitalist society, such as gold, real estate, diamonds, and luxury goods. Generally any coveted goods, which may be in abundance, that are considered valuable or desirable in order to display or change one's social status when possessed by relatively few in a given community may be described as positional goods. What could be considered a positional good can vary widely depending on cultural or subcultural norms. More formally in economics, positional goods are a subset of economic goods whose consumption (and subsequent utility), also conditioned by Veblen-like pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Breakfast At Tiffany's (film)
''Breakfast at Tiffany's'' is a 1961 American romantic comedy film directed by Blake Edwards from a screenplay by George Axelrod and based on the 1958 novella by Truman Capote. It stars Audrey Hepburn, George Peppard, Patricia Neal, Buddy Ebsen, Martin Balsam, and Mickey Rooney. In the film, Holly Golightly (Hepburn), a naïve, eccentric socialite meets Paul Varjak (Peppard), a struggling writer who moves into her apartment building. Development for the film began soon after the publication of Capote's novel, with several actors, including Marilyn Monroe, Shirley MacLaine, Kim Novak, Steve McQueen, Jack Lemmon, and Robert Wagner, considered for the lead roles prior to Hepburn and Peppard being cast. The screenplay, which deviates from Capote's novella, was originally completed by Axelrod and director John Frankenheimer, who was replaced by Edwards well into pre-production. Principal photography began on October 2, 1960, with filming taking place in New York City and at the Studi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly (board Game)
''Monopoly'' is a multiplayer economics-themed board game. To play the game, players roll two dice (or 1 extra special red die) to move around the game board. The objective is to buy and trade properties and develop them. The development and objective is certified with purchasing and trading houses and hotels. Players collect rent from their opponents, and aim to drive them into bankruptcy. Money can also be gained or lost through ''Chance'' and ''Community Chest'' cards. Tax spaces charge a tax as a percentage of a player's equity or a flat fee. Players will receive a salary every time they pass "Go". All players can end up in jail. While in jail, players cannot move until they have met one of three conditions. House rules, hundreds of different editions, many spin-offs, and related media exist. ''Monopoly'' has become a part of international popular culture, having been licensed locally in more than 113 countries and printed in more than 46 languages. , it was estimated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tampons
A tampon is a menstrual product designed to absorb blood and vaginal secretions by insertion into the vagina during menstruation. Unlike a pad, it is placed internally, inside of the vaginal canal. Once inserted correctly, a tampon is held in place by the vagina and expands as it soaks up menstrual blood. As tampons also absorb the vagina's natural lubrication and bacteria in addition to menstrual blood, they can increase the risk of toxic shock syndrome by changing the normal pH of the vagina and increasing the risk of infections from the bacterium ''Staphylococcus aureus''. TSS is a rare but life-threatening infection that requires immediate medical attention. The majority of tampons sold are made of blends of rayon and cotton, along with synthetic fibers. Some tampons are made out of organic cotton. Tampons are available in several absorbency ratings. Several countries regulate tampons as medical devices. In the United States, they are considered to be a Class II medi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Misconception
Each entry on this list of common misconceptions is worded as a correction; the misconceptions themselves are implied rather than stated. These entries are concise summaries; the main subject articles can be consulted for more detail. Common misconceptions are viewpoints or factoids that are often accepted as true, but which are actually false. They generally arise from conventional wisdom (such as old wives' tales), stereotypes, superstitions, fallacies, a misunderstanding of science, or the popularization of pseudoscience. Some common misconceptions are also considered to be urban legends, and they are sometimes involved in moral panics. Arts and culture '' View full version with citations'' History '' View full version with citations'' Science, technology and mathematics '' View full version with citations'' See also * Legends and myths regarding the ''Titanic'' * List of cognitive biases * List of conspiracy theories * List of fallacies * List of topics characterized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Tax (sports)
A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the competitive balance necessary for a sport to maintain fan interest. The money derived from the "tax" is either divided among the teams that play in the smaller markets, presumably to allow them to have more revenue to devote toward the contracts of high-quality players, or in the case of Major League Baseball, used by the league for other pre-defined purposes. In North America, Major League Baseball has implemented the luxury tax system. The National Basketball Association also has a NBA Salary Cap, luxury tax provision; its utility is somewhat limited by the fact that the league also has a salary cap provision. The "hard" salary cap of the N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Jefferson Clinton
William Jefferson Clinton (né Blythe III; born August 19, 1946) is an American politician and lawyer who was the 42nd president of the United States from 1993 to 2001. A member of the Democratic Party, he previously served as the attorney general of Arkansas from 1977 to 1979 and as the governor of Arkansas from 1979 to 1981, and again from 1983 to 1992. Clinton, whose policies reflected a centrist "Third Way" political philosophy, became known as a New Democrat. Born and raised in Arkansas, Clinton graduated from Georgetown University in 1968, and later from Yale Law School, where he met his future wife, Hillary Rodham. After graduating from law school, Clinton returned to Arkansas and won election as state attorney general, followed by two non-consecutive tenures as Arkansas governor. As governor, he overhauled the state's education system and served as chairman of the National Governors Association. Clinton was elected president in the 1992 election, defeating the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Deficit
Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit, the opposite of budget surplus. The term may be applied to the budget of a government, private company, or individual. A central point of controversy in economics, government deficit spending was first identified as a necessary economic tool by John Maynard Keynes in the wake of the Great Depression. Controversy Government deficit spending is a central point of controversy in economics, with prominent economists holding differing views. The mainstream economics position is that deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit (i.e., permanent deficit): The government should run deficits during recessions to compensate for the shortfall in aggregate demand, but should run surpluses in boom times so that there is no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George H
George may refer to: Names * George (given name) * George (surname) People * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Papagheorghe, also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George, son of Andrew I of Hungary Places South Africa * George, South Africa, a city ** George Airport United States * George, Iowa, a city * George, Missouri, a ghost town * George, Washington, a city * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Computing * George (algebraic compiler) also known as 'Laning and Zierler system', an algebraic compiler by Laning and Zierler in 1952 * GEORGE (computer), early computer built by Argonne National Laboratory in 1957 * GEORGE (operating system), a range of operating systems (George 1–4) for the ICT 1900 range of computers in the 1960s * GEORGE (programming language), an autocode system invented by Charles L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
