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Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.
Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to college is not enough. You also have to study the right subjects.
I'm a part of major league rugby. We had a league meeting to decide what to do with anthem protests, and even though I personally agree with what they say they are protesting as inequality and judicial system and incarceration rates among minorities, we decided all should stand and respect every national anthem.
A number of non-banking finance companies have entered the rural microcredit market. Many microcredit agencies have been charging interest rates not very dissimilar to those charged by moneylenders. Borrowing then becomes more to meet pressing consumption needs, rather than for farming or small-scale enterprises.
The root cause of the looming energy problem - and the key to easing environmental, economic and religious tensions while improving public health - is to address the unending, and unequal, growth of the human population. And the one proven way to reduce fertility rates is to empower young women by educating them.
There are several problems with the ACA's reliance on means-based inclusion criteria and mandatory participation in exchanges - the complexity of the exchange mechanism, and the potential for income-based subsidies to become a disincentive to earn if insurance rates escalate for those beyond the income threshold.
More and more political analysts and weak-kneed politicians are advising the historically pro-life Republican Party to abandon its pro-life stance for political gain. My first response is that if you cannot trust a party on the value of defending human life, how can you trust it on issues like marginal tax rates?
The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.
Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
I think we've found a better solution on North Haven and Vinalhaven: Instead of paying increasing expensive electric bills every month, with the money going out of our community, out of state, and even out of the country, the wind turbines bring the promise of decades of steady rates with the money staying right here.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
The market needs to set prices, including interest rates and allocate resources. If it were up to me, we would abolish the Fed and return to the gold standard. Absent that, the Fed should be completely removed from the political sphere, its dual mandate replaced by a single mission to provide the nation with sound money.
Workplace relations is about getting the best out of people. An argument which says that the only way we can compete with other nations in the world is engaging in a race to the bottom in terms of pay rates, penalty rates, protections on rosters, getting rid of family friendly provisions - that is not Australia's future.
As a society, we're failing. In so many ways. Such high incarceration rates of underrepresented minorities ultimately means we're missing out on great potential from black and Latino communities. Yes, there's immense talent brewing even within the most impoverished neighborhoods. Talent is universal, but opportunity is not.
We can't just rail against crime. We must speak of the root problems - devastating family breakup, an insidious culture of violence that cheapens human life, skyrocketing prisoner recidivism rates that rob our communities of husbands and fathers - and recognize that there is a societal role in rehabilitation and restoration.
I could have easily been a statistic. Growing up in Brooklyn, N.Y., it was easy - a little too easy - to get into trouble. Surrounded by poor schools, lack of resources, high unemployment rates, poverty, gangs and more, I watched as many of my peers fell victim to a vicious cycle of diminished opportunities and imprisonment.
Social-enterprise employees earn wages and pay taxes, reducing their recidivism rates and dependence on government assistance. They also receive crucial on-the-job training, job-readiness skills, literacy instruction and, if necessary, the counseling and mental-health services they need to move into the mainstream workforce.
The Fed contributed to the financial crisis, keeping interest rates too low for too long. I give them credit for responding and stabilizing the economy and the financial sector during the crisis. But then they tried to do too much with quantitative easing that went on forever, just dramatically exploding their balance sheets.
Public buildings, built from the rates and taxes paid by past generations, are being auctioned off by impoverished councils who need the money to pay the redundancies of workers they can no longer afford to employ. Many of these grand Victorian buildings will be turned into flats that most people will never be able to afford.
We need to level the playing field so that people who buy insurance individually at the same tax rates as those who buy it than get it through work. We need to be able to let people to shop across state lines for better deals with insurance that works for them and their family, not something the government says they have to have.
Limos, from the beginning of time, they know who they're picking up, they usually have a credit card on file, they know where the pickup location is, and so there's essentially a prearrangement of sorts, and, of course, the limo customer knows the driver, knows the company, knows the rates. All we've done is make it more accessible.
When people are told to 'eat many small meals,' what they may actually hear is 'eat all the time,' making them likely to respond with some degree of compulsive overeating. It's no coincidence, I think, that obesity rates began rising rapidly in the 1980s more or less in tandem with this widespread endorsement of more frequent meals.
With the notion of marriage - an exclusive, emotional, binding 'til death do you part' tie - becoming more and more an exception to the rule given a rise in cohabitation and high rates of divorce, why should the federal government be telling adults who love one another that they cannot get married simply because they happen to be gay?
With the collapse of the Soviet Union, the Marxists are coming around to seeing my views on the economy with greater perspective. I was the one who propounded that there should be a 'level-playing field' among nations on the economic front, that they cannot have low-interest rates in their countries and argue against cheap labour in India.
We don't know what our health care costs are going to be. We don't know what our tax rates are going to be. We don't know what our interest rates are going to be. We don't know what our energy costs are going to be. All these uncertainties are being driven by the Government's agenda. What we really need to do is get Government to step back.
When I was a kid, phone calls were a premium commodity; only the very coolest kids had a phone line of their own, and long-distance phone calls were made after eleven, when the rates went down, unless you were flamboyant with your spending. Then phone calls became as cheap as dirt and as constant as rain, and I was on the phone all the time.
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.
Wal-Mart's size and scale is so vast they literally have the ability to change the face of the entire country. If Wal-Mart were to make a decision tomorrow to refuse to sell a single product made with partially hydrogenated oils, for example, we'd probably see rates from heart disease decline a few years later. That's how powerful Wal-Mart is.
And that's the one thing that people do not understand is that we have very low interest rates and if those go back to historical levels or even go back to scary thoughts that they're back in the late '70s, early '80s, then that's going to really be hard to actually pay off those debts. It's going to be a - it's going to be a very big problem.
The Gilded Age robber barons - the Goulds, the Vanderbilts, the Morgans and Rockefellers - did quite well under laissez-faire. Most of the rest of Americans were still stuck in the ditch, with little to no economic security, life expectancy of roughly 45 years, and horrific infant mortality rates that claimed 300 babies per 1,000 in the cities.
The TaskRabbit community provides thousands of individuals access to the kind of economy that puts them in charge of their own lives and income. TaskRabbit offers a new model of work, one that makes it possible for people to set their own schedules, establish their own rates, and use their talents and skills to earn a living on their own terms.
Arthur Laffer's idea, that lowering taxes could increase revenues, was logically correct. If tax rates are high enough, then people will go to such lengths to avoid them that cutting taxes can increase revenues. What he was wrong about was in thinking that income tax rates were already so high in the 1970s that cutting them would raise revenues.
