Chris Banescu | June 12, 2010
6/8/2010 – Robert Frank -
In his Wall Street Journal op-ed Monday, famed supply-sider Arthur Laffer argues that higher taxes on the wealthy rarely work because the wealthy simply shift their income.
President Obama’s upcoming tax increases, he says, are encouraging the wealthy to take cash and income off the table this year, robbing from next year’s [...]
| Chris Banescu |
Economics, Investing, Taxation | 
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Chris Banescu | June 10, 2010
6/6/2010 – Arthur Laffer -
Today’s corporate profits reflect an income shift into 2010. These profits will tumble next year, preceded most likely by the stock market.
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.
It shouldn’t surprise anyone that the [...]
| Chris Banescu |
Government, Investing, Taxation | Print
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Chris Banescu | October 17, 2008
The New York Times | by Warren E. Buffet | Oct. 17, 2008
The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter [...]
| Chris Banescu |
Finance, Investing | Print
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