Professor Elam

Labor Day Weekend 2014

MOre AMericans than ever are renouncing their US citizenship.

And so the government is raising the exit taxes charged to leave the country.

Meanwhile we have a rush if Central American Immigrants with no money and no job prospects. So the ones with money and jobs are leaving and those wthout same are arriving. This is not a sound buisness plan.

The US should make the US a tax haven to attract business, not chase it off. Instead we have the highest corporate tax rate in the worldat 35%.

I would lower the corporate rate to zero,on the basis that corporations do not pay taxes, their customers adn shareholders do. Put that money in the pockets of the owners and customers.

Of course Congress is not taht smart, okay, how about granting a one time tax holiday on any foreign profits brought bck in the next six months?  The US woudl experience a two trillion dollar inflow or something like that which would be invested in the economy. That would get things going,But I don't think the President or Congress is that smart either.

oh well