What Is The Most Equal Country on Earth?

The video explores economic inequality, focusing on how resources are distributed within economies. It introduces the Gini coefficient as a measure of equality and discusses factors influencing equality, such as population size and natural resources. The role of taxation in promoting equality is examined, alongside the differences between wealth and income inequality. The video highlights Iceland and Australia as examples of countries with notable equality, discussing their unique economic policies and challenges.

How does the Laffer curve relate to tax rates and government revenue?

What challenges do economists face when measuring wealth inequality?

In what ways can wealth inequality affect economic growth?

What role does minimum wage play in controlling inequality in Australia?