[A-List] Get ready for Obama's coming hyperinflation
tboyle at rosehill.net
Sun May 24 11:03:47 MDT 2009
At 10:51 PM 5/23/2009, Henry C.K. Liu wrote:
>Sabri Oncu wrote:
>>Can there be a way to slow the stock-price deflation while at the same
>>time increasing the incomes of the Americans to get out of this mess?
>Yes. Make wage increases deductible from corporate income tax and
>made layoffs taxable.
>Henry C.K. Liu
Wages are already fully deductible from corporate income taxes. In
any case, if our goal is improving the lot of workers, I don't think
tax policy is very promising for several reasons. Marginal tax rates
on corporate profits are so much lower than direct costs of labor,
you just can't get there from here.
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