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Providing financial incentives for both local communities and national governments to conserve and restore forests also makes sense. It will put an economic value on these precious natural resources and drive the right behaviours from both government and business.
[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.
Our strategic dialogue with China can both protect American interests and uphold our principles, provided we are honest about our differences on human rights and other issues and provided we use a mix of targeted incentives and sanctions to narrow these differences.
Those who profess the faith of Life regard the ideals of mankind as an expression of man's higher needs. Ideals which were once incentives to development thus become a drag upon it whenever life's needs demand new forms that are not recognised by the prevailing idealism.
Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
The intensity of a conviction that a hypothesis is true has no bearing on whether it is true or false. The importance of the strength of our conviction is only to provide a proportionately strong incentive to find out if the hypothesis will stand up to critical evaluation.
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth.
They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.
If you take all the money we've spent at NASA since we landed on the moon and you had applied that money for incentives to the private sector, we would today probably have a permanent station on the moon, three or four permanent stations in space, a new generation of lift vehicles.
'Toughness' and 'credibility' are leitmotifs that run through both Trumpian and Kissingerian deal-making. Both men insist that war and diplomacy are inseparable and that, to be effective, diplomats need to be able to wield threats and offer incentives in equal, unrestricted measure.
Not only have individual politicians and celebrities personally condemned your automobiles for being too messy, noisy, and harmful to the common good, but they've tried to affect the natural market through taxes on larger vehicles along with incentives and quotas for 'greener' cars.
Unlike China's growth story, which has been built on the strategy of creating excess supply, the Indian growth story has been built on the strategy of responding to incentives generated by excess demand. Which is why a certain degree of inflation is built into the Indian growth process.
The system that enables the most people to earn the most success is free enterprise, by matching up people's skills, interests, and abilities. In contrast, redistribution simply spreads money around. Even worse, it attenuates the ability to earn success by perverting economic incentives.
I think we need a very, very serious effort, primarily through tax policy to provide incentives and encouragement for people to save and invest and expand their businesses and to create more jobs. The kind of thing we did in the early Reagan years, 30 years ago. I think that's essential.
Movies you pay for - well, sometimes they throw some ads at the beginning now - but generally you pay for ads. And that business model - actually, much more ancient, paying for stuff - is much more straightforward in terms of the incentives of the people who are then giving you the stuff.
Partners from the Islamic world are of particular importance. Indeed, they have huge incentives to be involved, as the ongoing struggles are generally not clashes between civilizations. Rather, what we are seeing is more accurately a clash within a civilization: that of the Islamic world.
Over a period of time, they [undocumented workers] can have a legalized status that allows them to live a life of dignity but not necessarily a path to citizenship, so as to not create incentives for future people that aspire to come to our country to do so illegally when they could come legally.
A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if it is the binding capital requirement because it treats relatively safe activities, such as central clearing, as equivalent to the most risky activities.
The tax incentives in place for 'House of Cards' in Maryland have resulted in hundreds and hundreds of jobs and not just for actors, but for carpenters and waitresses and hotel workers. The amount of hotel nights and meals that the production of a television series brings to a state is staggering.
There is a difference between creating something and just capturing something. And when we were using film, it was not that fast, and it was expensive, so there was incentive to make sure the shot was exactly right before we rolled. With digital, it's fast and its cheap, and it's easy to bypass the rest.
Urban America has been redlined. Government has not offered tax incentives for investment, as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out, they've redlined it. Clearly, to break up the redlining process, there must be incentives to green-line with hedges against risk.
While cyber espionage is having a tremendous negative affect on the global economy from the theft-caused drain of intellectual property and the resulting adverse incentives for continued investments in innovative growth, the threat from destructive and disruptive attacks is amplifying the risks even further.
Under a socialist mode of production all personal incentives which selfishness provides under capitalism are removed, and a premium is put upon laziness and negligence. Whereas in a capitalist society selfishness incites everyone to the utmost diligence, in a socialist society it makes for inertia and laxity.
Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.
Tax rates aren't everything with regard to incentives to work. I would probably work at a 100% tax rate next to a nude modeling studio. I'm joking, but you know what I'm saying. There's a lot more to it than just tax rates. It's economics that I do; I don't do nude modeling studio economics. People do respond to taxes.
I call upon governments to start supporting companies to use more sustainable materials in their products instead of continuing with antiquated incentives, such as import duties on synthetic materials that are in principle much higher compared with those placed on leather goods regardless of the environmental footprint.
The solution is to change the cake recipe, and that's the way it is with government. We can start adopting policies that work and that encourage economic growth. If you got incentives for encouraging big business development but not small or medium business development, it's not going to work. It needs to work for all three.
What is clear is that business leaders must commit to champion change - to be transparent about their goals for change, to align their incentives systems to drive the change, and to make sure their work environments are flexible in a way that allows men and women who choose to work to be able to achieve all of their potential.
During the 1990s the United States sought to impose the 'Washington Consensus' on Latin American governments. It embodied what Latin Americans call 'neo-liberal' principles: budget cuts, privatization, deregulation of business, and incentives for foreign companies. This campaign sparked bitter resistance and ultimately collapsed.
Physicians today, as human beings, are not exempt from the perverse economic pressures created by fee-for-service regimes to see more patients for shorter appointments and order more tests and procedures. If the incentives were changed to pay to foster better health outcomes, I am convinced physician behavior would change over time.
The Canary Islands offer special incentives to companies looking at potential filming locations, so it was only logical for me to help the local government make connections with major U.S. film studios like Universal, Fox, Sony, Disney, Paramount, Time Warner, 21st Century Fox, CBS, Viacom, Comcast, HBO, Netflix, Warner Brothers etc.
Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'.
We continue to see our elected officials working extra hard to create a 'good climate for business' that leads to disinvestment in public infrastructure and tax incentives to the detriment of cities, while enriching private business and further entrenching poverty. And our cities are told by legislators to use their bootstraps to survive.
For people who are at the bottom economically, the world is becoming a harder and harder place. And yet the incentives to become rich are so great because enormous amounts of wealth are being accumulated. And so those two things, that carrot and stick, are beating people along this trajectory of trying desperately to move up in the world.
We would love to see Canadian federal and provincial governments establish a new business entity class like the CIC or L3C for social enterprises. Our governments should also offer tax incentives to entice more entrepreneurs into the social economy, and encourage foundations and impact investors to put their capital into social enterprises.
Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.
The incentive for the outsider is to attack the system right up to the moment he is co-opted by it. The incentive for the insider -and this took some getting used to- is to allow yourself to be attacked, and then co-opt your most ferocious attackers, and their best ideas. The effect on the system as a whole is to make it more stable, because everyone winds up working on its behalf.
Capitalism drives the employers to do their worst to the employed, and the employed to do the least for them. And it boasts all the time of the incentive it provides to both to do their best! . . . The reason the Capitalist system has worked so far without jamming for more than a few months at a time, and then only in places, is that it has not yet succeeded in making a conquest of human nature so complete that everybody acts on strictly business principles.