Apparently, if you spread the wealth, you improve the economy. According to the International Monetary Fund, inequality is actually bad for economic growth. Furthermore, redistribute policies are actually beneficial to an economy. Who knew?! Apparently, lots of economists knew all along. From the IMF report: In sum, then, inequality remains harmful for growth, even when… Continue reading
Posts Tagged → Economic growth
Shutdown Deal
But is it really? While Republicans seemingly lost their grandstanding effort to stop Obamacare, the Tea Party effort to slash spending at the fastest rate since World War II continues. The shutdown deal only kicks the can down the road. We’re going to be in this same boat in mid January and by mid March,… Continue reading
Path to Prosperity
High U.S. Income Tax Rate Has Boxing Superstar Manny Pacquiao on the Ropes We all know elections have consequences, and this is a great concrete example of how taxing the rich has consequences. Sure, the new Obama tax affects the 1%, but it also hurts our tax revenue, economy, but also the 99%. Not only… Continue reading