NYTimes Packs Five Ungrounded Economic Opinions in Two Sentences
“How much of a trickle-down effect depends on a bunch of technical factors: what share of corporate profits represents monopoly rents rather than returns to capital, how responsive inflows of foreign capital are to the U.S. rate of return. Enthusiasts claim that the tax cut will eventually go 100% to workers; most serious modelers think the number is more like 20 or 25 percent.”
- “Enthusiasts claim that the tax cut will eventually go 100% to workers“
- “what share of the capital stock is even affected by the corporate tax rate“
- “what share of corporate profits represents monopoly rents rather than returns to capital“
- “how responsive inflows of foreign capital are to the U.S. rate of return“
Source: http://caseymulligan.blogspot.com/2018/03/nytimes-packs-five-ungrounded-economic.html
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