- Much of the effect of tax cuts for corporations depends on the notion that capital is scarce; it isn’t. Capital is abundant.
- The problem is much has accumulated at corporations and the top of the income and wealth pyramid where it largely sits inactive.
- Tax cuts might move the needle in one respect as they increase the incentives to invest.But they’re liable to only increase the pool of inactive capital.
Dormant Capital, An American Problem
July 5th, 2018 · No Comments