Open Thread
Need a Hand?
Your Next Project Starts with BrownstonerMost Recent Articles
Need a Hand?
Your Next Project Starts with Brownstoner
Tax cuts schmax cuts. There is no shortage of investment capital. Private equity and venture capital are sitting on huge piles of cash and have to invest it. Sovereign wealth funds need good USD investment opportunities. More cash out there ready to invest than EVER before. But no one is funding new business. They’re just doing LBOs of existing businesses, which creates zero jobs. Tax cuts have nothing to do with any of this.
As I said yesterday, regulation is much more damaging to job growth than high marginal income taxes. If you want jobs, do the following:
– Get rid of anti-discrimination employment legislation that gives almost anyone who is fired the ability to claim there is a pretext (or at least make it significantly more difficult to bring a claim). Companies don’t hire people if they think it will be difficult to fire them later.
– Get rid of wage legislation.
– Promote industry, don’t send it down to Texas and call it a wasteland. This has nothing to do with China. It has to do with telling nimbys to sit down and shut the fuck up.
– Spend less money on war and more money on public-private partnerships in technology development.
– Aggressively replace aging infrastructure. Again, this means telling nimbys to sit the fuck down and shut the fuck up. If you think building a little arena in Brooklyn is hard, try building a new highway sometime.
“ishtar, the republicans are merely looking out for the interests of their constituency.”
and not the country. kinda like corporations just looking out for their shareholders.
It’s all about perspective – whether you care just for you, or you care for others as well.
ishtar, the republicans are merely looking out for the interests of their constituency.
It now seems that the liberal democrats are acting illogically. it always goes both ways in politics.
Michelle Rhee was topic of artilce in Newsweek this week and said something interesting, she said school systems are built around adults, not students. She doesn’t blame unions as they are doing their jobs in protecting teachers.
We have textbook manufacturers, teachers’ unions, and even food vendors that work hard to dictate and determine policy.
Policymakers, school-district administrators, and school boards who are beholden to special interests have created a bureaucracy that is focused on the adults instead of the students.
also since we are now more of a world-wide economy, increase demand just in USA is not enuf. Needs to be more global.
“Ishtar, I am blanking out on names right now. What I hear a lot is that removing the uncertainty around the tax cuts will free up investment capital. That seems logical.”
That does seem logical, but what’s not logical are the arguments republicans continue to put forward.
we also wouldnt NEED to many expensive social services if we taught people that their vaginas and uterus’ are not ATM machines.
sorry, but it’s true.
*rob*
I’ve met a number of guys who basically have an ATM machine between their legs.
You make do with what you have, rob.
quote:
*rob* – you are the one is seems most jealous of trustfunders.
yes. i would love to be a trust funder. i think i’d make a great one. i’d be as vapid as i could possibly be! i make my jealousy not hidden on that. duh!
*rob*
ishtar, I don’t want to sound like a jerk, and I know there are a lot of people hurting out there but there is also a very large portion of the population who are actually not hurting or are OK, and they will start to spend more.
There are a lot of people gainfully employed who fear unemployment and if the economy were to strengthen and those fear allayed, they too would start spending more.