Paul Krugman https://krugman.blogs.nytimes.com/2017/11/09/leprechaun-economics-with-numbers/ … and @taxfoundation https://taxfoundation.org/regarding-trade-deficits-cross-border-investment/ … disagreeing over impact of US corp tax cuts on investment & jobs
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I'm confused. Aren't they both arguing on the basis that any GDP rise is only made up of returns to investors + corporate income tax?! - so of course the calculation then spits out that most of the GDP rise would go investors. What about wages (& associated taxes?)pic.twitter.com/lAjVYrQcuL
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(NB the pic is from https://krugman.blogs.nytimes.com/2017/11/09/leprechaun-economics-with-numbers/ …)
9:59 AM - 18 Nov 2017
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