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NGrossman81's profile
Nicholas Grossman
Nicholas Grossman
Nicholas Grossman
@NGrossman81

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Nicholas Grossman

@NGrossman81

International Relations prof at U. Illinois. Senior Editor @ArcDigi. Author “Drones and Terrorism.” Politics, national security, and occasional nerdery.

amazon.com/Drones-Terrori…
Joined April 2015

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    1. Nicholas Grossman‏ @NGrossman81 15 Nov 2017

      Nicholas Grossman Retweeted Natalie Andrews

      (THREAD) This important moment of honesty highlights the big problem with the Republican tax plan. It's designed as if the biggest problem in the US economy is that corporations and wealthy individuals don't have enough money, and therefore aren't investing. But that's not true.https://twitter.com/nataliewsj/status/930477112808628226 …

      Nicholas Grossman added,

      0:19
      Natalie AndrewsVerified account @nataliewsj
      VIDEO: CEOs asked if they plan to increase their company's capital investments if the GOP's tax bill passes. A few hands go up. "Why aren't the other hands up?" Gary Cohn asks. #WSJCEOCouncil pic.twitter.com/TD2oAlN27S
      5 replies 146 retweets 138 likes
      Show this thread
    2. Nicholas Grossman‏ @NGrossman81 15 Nov 2017

      Corporate profits are high. The stock market is doing great. Corporate cash reserves are high. Borrowing costs are low. If businesses want to invest, they either have or can easily get the money to do so. 2/x

      3 replies 23 retweets 26 likes
      Show this thread
    3. Nicholas Grossman‏ @NGrossman81 15 Nov 2017

      Here's a graph of private investment in the United States. As you can see, it's headed steadily upward since the end of the last recession, with a slope that rises as fast, or faster, than past expansions. 3/xpic.twitter.com/lVrqbzdMEz

      1 reply 8 retweets 8 likes
      Show this thread
      Nicholas Grossman‏ @NGrossman81 15 Nov 2017

      Look at investment at the beginning of the 1980s. The slope is much lower. Almost flat. That's what it looks like when there's not enough investment. At that time, improving the incentives to invest by cutting corporate and upper income taxes makes sense. 4/xpic.twitter.com/7VeuHMWipC

      5:25 PM - 15 Nov 2017 from Illinois, USA
      • 5 Retweets
      • 5 Likes
      • Caitlin 🌐 Sessha Batto Philip Rocco JC Sister, Sister Mary Frances Bennett Foursisters Sue Stone J Klingensmith
      1 reply 5 retweets 5 likes
        1. New conversation
        2. Nicholas Grossman‏ @NGrossman81 15 Nov 2017

          If businesses see an opportunity to make more money, they have enough money to invest. If they're not investing, it's because they don't see a good opportunity. Which means giving them more money won't get them to invest more (as the CEOs, to their credit, admit). 5/x

          1 reply 18 retweets 30 likes
          Show this thread
        3. Nicholas Grossman‏ @NGrossman81 15 Nov 2017

          Whether the Republican Congress understands this or not, their bill won't do much for economic growth. It will, however, result in people who currently have a lot of money getting a lot more money. And to accomplish this, it'll require sacrifices from everyone else. (END)

          3 replies 19 retweets 34 likes
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        4. End of conversation

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