Explain transaction velocity.CAA Flagship wrote:The word "either" implies that there are only two ways to narrow the gap. There are other ways that the gap is filled including wage increases, productivity, and transaction velocity.kalm wrote:
It's bigly yuge for some, we'll see if it is for the country as a whole years from now. 40% of tax receipts used to come from corporate taxes, now it's 10%. I can see the argument for that but you have to either 1) replace that revenue elsewhere (EG: Reagan's tax increases on the middle class) or cut spending which neither side is good at. Then there's the history of deregulation and high end tax cuts followed by a crash thing. We've seen that movie a few times.
I'm not saying it won't work, but to continue JSO's analogy, we're sort of betting on the cab driver somehow, some way getting us to our destination despite the .20 BAC.
The other thing that is unique to this tax cut is the repatriation of offshore corporate cash.
http://fortune.com/2018/01/18/apple-ove ... -tax-plan/
Agree on wage increases but can they be relied upon?
Productivity? That's cute: