Lowering The Company Tax Rate
Hey folks, lowering the company tax rate is not going to stimulate investment and increased productivity. For a starter, companies are going to spend money on AI, which is going to mean less jobs and more unemployment. Yes, that can look good on productivity figures because less workers producing more stuff is what that graph is all about. It is not going to be so great for the retrenched workers, however, and don’t give me that crap about them getting re-employed elsewhere. This takes time and the data tells us that these workers never recover the level of income they were previously on. They will just be collateral economic damage on the way to a more productive economy. Who cares about actual people when there is an economic data graph at stake?
Economics Fresh
