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This interview examines income inequality in the United States. Dan Ariely, a behavioral economist with Duke University, argues that Americans have become tolerant of the income inequality in the U.S., and that most people do not realize how great the difference in income is between wealthy and impoverished Americans.

The British government promised not to raise any income tax, believing that the British labor would "rebuilt the economy, renew the society, and restore trusts in politics." This topic is relevant to this week's topic because delaying the tax increase is a type of deregulation. The consumer are likely to buy consumer goods before a leap in the tax rates occur and the extension of income tax delay would probably contribute to a small increase in AD since the disposasble income remains the same. The expectation of increase in tax rate would induce consumer to buy more product before the actual rise.

This article is talking about the UK's labour party wanting to rebuild the economy because the conservative party does not think that they deserve a fourth term. This article links to this week's subject because the labour party promised to keep 'business tax as low as possible' to give maximum protection to frontline public services.

This article is about market for high-end and luxury goods in Asia. With an increase in income and spending power, there has been an increase in the demand for luxury goods.The article also highlights the movement of these luxury markets from NY and Geneva as a result of the economic crisis. Income has decreased in these places, therefore demand for luxury items has decreased.

This article talks about Paraguay's tax policies, as it is one of the few countries in the world with no income tax. In addition, it looks like that won't change anytime soon. Lugo claims that such tax would help lowering the crime rate in such dangerous country; however, it seems that senators do not want to pay such tax.

This article is about the need for higher tax rates to cut government deficit. The tax hike needed would be the equivalent of raising the basic rate of income tax from 20p to 26p on the pound. Tax rises do not all necessarily need to come in the form of income tax, but this is the amount needed.

This article relates to the topic of income tax because it is talking about the different parties in the English government will change the income tax to please the public.

This article discuss on the argument of whether or not to impose higher tax rates on the upper class of the economy.

This article speaks about how a key driving factor in the Egyptian uprising was income inequality. As Egypt developed, a small portion of the population became very rich while most people continued to struggle.

This article reports on the closing of a high-end steakhouse in Vancouver. The demand for expensive food has dropped as incomes have faller due to the recession. This means that this sort of fancy restaurant has a positive income elasticity. As income falls, demand falls.

This article is about how the financial crisis of 2008 has affected the market for luxury yachts in the Middle East. The article reports that sales of leisure boats are expected to plunge up to 75% as people are less willing to splurge on luxury goods. This shows that the YED for luxury yachts is relatively elastic, as the loss of income resulting from the crisis has caused a greater than proportional change in quantity demanded.

This Article Talks about how America has Hit a Recession that has impacted the Lower Waged Wokers the Hardest. According to the study, approximately 50 percent of households in the bottom decile of American income distribution are underemployed; in the second lowest decile, 37 percent of households can't find enough work. The authors write: "These extraordinarily high rates of labor underutilization among these two income groups would have to be classified as symbolic of a True Great Depression."

This article exemlpifies the positive impacts with the utilization of a higher tax revenue.

This article is about governments such as China and South Korea making deals to purchase land from poorer countries. The locals living on the land are often poor and have no say in the deal. This shows the income inequality both between and within nations, as it is the poorer countries and the poorer citizens within those countries that suffer.

With the current recession, many consumers have switched from luxury car brands to inferior ones. With the decrease in income, people have switched to car brands that are more affordable but still enable mobility. As a result, the luxury car industry has seen a decrease in sales from previous years.

The Fedeal Reserve Bank is planning for an extended period of low interests due to American high unemployment rate and increasing inflation rate. This is relevant to this week's topic because lowering interests rates would increase disposable income for more consumption, encouragte the investors to lend more money in prospect of high return rates, and ultimately increase the aggregate demand to nourish the unemployment in US.

One of the major problems in the Thailand, a country at political crisis, is the economic inequality between the rich and poor which is aggravating the political situation between the middle-class and low-class. This is relevant to this week's topic because a proper government is not placed in Thailand to redistribute the riches' wealth to the poor population.

The gap between the rich and poor in the UK remained at a high level in 2007-8, official statistics have shown.