Archive for October 30th, 2017

Why does the business community like the Trump administration? 

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Envy in reality is the most impoverishing attitude of thought. Warren Brookes, The Economy In Mind
Heres a truly rhetorical question: who among us would reject higher compensation? Our work is our expression of our desire to get, and higher pay is the path to getting more in return for what we do each day.
And with it established that most of us would like to earn more, its worth asking how. Intuitively, we all know the answer. This includes government workers. They maybe know best: rising pay for those in the employ of government is an effect of rising tax receipts. …

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Despite rising home prices and a growing economy, U.S. homeowners’ mobility rate is stuck at a 30-year low as many opt to stay put rather than move to pursue job opportunities or trade up for more space.

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America’s passenger carriers have discovered that it’s getting more expensive to run an airline these days.

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Do we have any historical evidence that lowering tax rates, particularly among the richest strata, generates economic growth, as the Republicans always predict? Has this ever worked?
A reader
The answer is no. As Congress tackles tax reform, we really dont have conclusive historical evidence of the relationship between tax rates and economic growth. To be sure, studies abound, but they are of two distinct types that at least superficially contradict each other.
The first approach compares tax rates with individual behaviors that should be good or bad for…

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