[A-List] Get ready for Obama's coming hyperinflation

[Todd Boyle]

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.

TOdd 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: text/html
Size: 869 bytes
Desc: not available
URL: <http://greenhouse.economics.utah.edu/pipermail/a-list/attachments/20090524/7a6fea7e/attachment.txt>