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Over the past year, progressives have thrust the idea of taxing wealth towards the center of the Democratic primary. They contend it's an effective way to rein in income inequality and drastically cut the fortunes of the rich. But wealth taxes in Europe have never been a significant driver of government revenue across the continent for several key reasons. For starters, they were difficult to administer and the revenue generated was low as a result of exemptions on taxable assets. In the US, critics argue its an impractical way to raise revenue at the possible expense of hurting economic growth, and others have raised...
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The Cold War ended about 30 years ago — but many of the differences between eastern and western Europe remain. I witnessed many of them firsthand during a recent eight-day journey by train across Europe, from Istanbul to London. Some of the differences were obvious, like eastern European train stations usually seeming less busy, and things generally being less expensive. However, there were also a striking number of similarities, like friendly, helpful people everywhere I went. With many eastern European countries now part of the EU, it seems likely things will only become more similar. Visit Insider's homepage for more stories. The Iron...
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Tesla CEO Elon Musk announced last week that a new factory is planned for Germany, in the Berlin area. This is a bad idea. The European auto industry already has too many factories for the region's level of demand. The European auto market also isn't growing.  A shift to electric vehicles could happen, but it would be far more sensible for Tesla to take over an existing plant or hire a manufacturer to build its cars. Musk's addiction to storytelling is driving this decision.  Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox.
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US B-52 bombers and airmen deployed to the UK in October for Bomber Task Force 20-1. Bomber Task Force deployments are meant train US aircrews while reassuring partners and deterring foes. This rotation, which ended this week, was no different, as US bombers flew all over Europe and into the high north. Visit Business Insider's homepage for more stories. Four US Air Force B-52 bombers from the 2nd Bomb Wing at Barksdale Air Force Base in Louisiana arrived in England with about 300 airmen on October 10 for a bomber task force deployment. The bombers were deployed to RAF...
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The Arctic Hideaway is a hotel on a remote island off the coast of Norway, and you can stay in one of its tiny houses for $270 per night. The island is so remote you have to charter a boat or take a ferry. There are no cars or restaurants on the island.  Most go to The Arctic Hideaway to experience the Northern Lights up close.  Visit Insider's homepage for more stories. The tiny house movement is sweeping the globe — and can even be found on a remote island in Norway. This village of 10 tiny houses is actually...
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Ford has a lot of love for Europe, and the feeling is mutual.  Ford fan clubs, blogs, and memorabilia collections are popular in Europe. Some megafans have even gone so far as to tattoo the brand onto their bodies. Meet some of Ford's megafans and see how the love affair has blossomed. Visit BusinessInsider.com for more stories. SEE ALSO: Ford built a Transit van called Nugget that doubles as a tiny home that can sleep up to 4 people DON'T MISS: Corvettes and Mustangs are some of the hottest cars money can buy — here's how they compare Some Europeans just can't get enough of...
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Last Updated on Wednesday, 20 August 2008 10:11