US Incomes And Economic Sensitivity

Discussion in 'Economics' started by libertad, Jan 18, 2008.

  1. Sensitivity of the US Economy is quite surprising...

    What a difference $1750 per income-person makes...

    The key question here is ..if the US is this sensitive,
    this means that the rest of the world´s economies
    are even more sensitive...

    The real question becomes, why is making
    effective US policy so difficult, when the bottom line is
    what happens to a few hundred dollars per earner?

    In other countries, it could mean as little as $50 per
    earner....

    The world´s economics are very sensitive indeed...

    One could literally come to decent policy, by just writing
    on the back of an envelope...

    Obviously, a consumption tax only, and the elimination of the
    IRS would strengthen the US...and thus the world.....