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/
Communication Between Managers and their Employees
By Emily Topham Communication Between Managers and Their Employees Managers have a daunting task—finding the right level of communication between them and their employees. It can be difficult for new managers to transition into the level of communication that is required by a leadership position. But discovering how to communicate well can make or…
Which States Are Good, and Bad, for Taxes?
How attached are you to the state you live in? Although most people would rather not relocate, where a person lives can actually make a huge difference in his or her tax bill. That’s because Kiplinger recently released its list of the most and least “tax-friendly” states when it comes to taxes. The business publisher…
How Are Some Big U.S. Companies Shrinking Their Tax Bill?
Every company wants to save on its tax bill. Although tax inversions have been making a lot of news lately, there are many other methods that corporations use to cut back on their taxes. In fact, seven companies in the S&P 500 index, including some big names that everyone is familiar with, have been able…
Democrats Take Dead Aim at Tax Inversions
The democrat lead U.S. Senate has been making a lot of noise lately regarding tax inversions, the practice of U.S. companies moving their corporate headquarters overseas in order to avoid the high price of overbearing U.S. corporate taxes. Those senators have apparently made good on a recent promise that they would look to put a…