Economically? Stagnated working and middle class real incomes. Automation-related job disappearance.
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Unlikely. It presumes firms want to hire, but don't have the money to do so. But profits and cash reserves are high, borrowing costs low.
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They tend to use tax havens as an accounting trick, not as production locations. Tax holiday create some repatriation, raising some revenue.
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But when that's happened in the past, the result has mostly been things like share buybacks and dividend increases, rather than hiring.
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And it creates moral hazard. Basically tells corporations to hide money in overseas tax havens and wait until the next tax holiday.
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Trump tax plan sucks!!!
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I believe Galbraith commented on that peculiar perspective; that apparently the poor get too much money -- and the rich don't have enough.
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Yes, indeed, that must b most pressing of all problems.Our elected officials can be fully trusted 2 focus on what is most important; right?!
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You sound jealous.
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No, realistic and smart.
#TrumpLies
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