Will Taxing the Wealthy Really Fix Income Inequality?
If you pay attention to any political programs or follow any news about the economy and taxes, then you no doubt have heard plenty of debate regarding income inequality. The fact is there is a lot of income inequality in the country. Whether you side with the haves or the have-nots, the fact remains that those on each side of the argument feel they have the right answers.
According to democratic philosophy, the argument goes that if you want to fix income inequality then you have to raise taxes on the wealthy and give more of that money to the poor or middle-class. It might sound like a good plan on the surface, however, a new report shows that in reality, if you really want to close the income gap between the wealthy and lower income classes, then policy changes are much more effective.
That’s right. According to a study just recently released by the Competitive Enterprise Institute, the difference between the economic brackets among the top and bottom levels is not as important as the living standard of those in the lowest economic levels. The study also noted that raising the minimum wage would end up having a negative effect because it would help drive the unemployment rate even higher.
According to one of the study’s co-authors, Ryan Young, giving people access to economic and job opportunities that will boost their standard of living is more important than focusing on the income gap. Young also said: ““Policy reforms that help poor people include access to affordable energy, access to capital for entrepreneurs, ending occupational licensing restrictions, an honest price system, and overhauling a range of regulatory barriers.”
http://dailycaller.com/2016/05/25/report-taxing-the-rich-wont-fix-income-inequality/
Safety and Health Programs: Can you make your company safer?
Safety and Health Programs: Can you make your company safer? No one wants an unsafe work environment. But unsafe or hazardous spots in your environment must first be reported before they can be corrected. That takes cooperation from all employees, including those reluctant to blow the whistle. In 2004, more than 6 million work-related illnesses…
Employee Hiring Decisions
Employee Hiring Decisions Making Better Hiring Decisions One of the most powerful ways a company can improve its profitability is to attract and retain quality employees. In the “Simple Tools to Help Make Better Hiring Decisions” session of The Work Truck Show, consultant Fred Yetka offered guaranteed ways to reduce turnover — and the wasted…
No Longer Just Black and White
No Longer Just Black and White By Myron Curry President of BusinessTrainingMedia.com Diversity in the workplace used to hinge upon the level of responsibility, pay, and respect that one could receive based upon the color of skin and ethnicity. But, these days, diversity in the workplace has become much more than that. Most CEO’s and…
Four Key Diversity Recruitment & Retention Strategies
Four Key Diversity Recruitment & Retention Strategies From BusinessTrainingMedia.com Workforce Article Library 1) Recruitment and retention strategy. Most employers find that it is generally easier to recruit people than it is to retain them. Unless organizations create a climate that welcomes and is hospitable to those who are in some way different from the existing…