Wednesday, February 1, 2012

No evidence for Walker's claim that government regualtions impede job creation

The Walker administration's job creation strategy is based on two erroneous
ideas.
The first is that tax rates drive investment and business location decisions.
There are no credible studies that support this position.

Surveys of business executives indicate that tax rates are far less
 important than demand for a firms' product or services, access to markets,
including skilled labor, and the proximity to supplier chains. Tax breaks
are not effective because they have little impact on the fundamental
determinants of a firm's  demand and costs.

I have written about this elsewhere so won't belabor the point. President

George W. Bush's first Secretary of Commerce and former Alcoa CEO,
Paul O'Neil, summed it up nicely when he told Congress:"As a
businessman, I never made an investment decision based on the Tax Code. ..
(I)f you are giving money away I will take it. If you want to give me
 inducements for something I am going to do anyway, I will take it. But
good business people do not do things because of inducements, they do
it because they can see that they are going to be able to earn the cost of
capital out of their own intelligence and organization of resources."

Walker's second article of faith is that onerous government regulations
impede economic growth.

The Bureau of Labor Statistics (BLS) has examined this claim and its
findings reject it.

The BLS studied layoffs, job losses, and UI claims that employers report 
are due to government regulations or interventions. They are miniscule—
in only one case in the table below did they ever account for more than
half of one percent. And in the most recent quarter, they were all about
zero (technically, the number reported was too small to meet BLS
sampling criteria).
Source: BLS, Table 2

The problems facing Wisconsin and the nation are not due to high
business or personal tax rates (effective rates in the U.S. are lower
than those in virtually all advanced countries and Wisconsin's business
taxes rank in the bottom half of all states) or "job killing regulations."
The problem we face is inadequate demand, a byproduct of the nation's
growing inequality.

18 comments:

Anonymous said...

Heya i'm for the first time here. I came across this board and I find It truly helpful & it helped me out a lot. I hope to give one thing again and help others such as you helped me.

Also visit my blog post; Ohio Moving

Anonymous said...

It's an amazing piece of writing for all the internet viewers; they will take benefit from it I am sure.

Look into my weblog ... Lift and glow pro review

Anonymous said...

It's fantastic that you are getting ideas from this paragraph as well as from our discussion made here.

Review my site :: Saffron Extract

Anonymous said...

I was very happy to discover this website. I need to to thank you for ones time for this particularly fantastic read!
! I definitely enjoyed every little bit of it and I have you book-marked to check
out new things in your blog.

My web blog; Trimextrin Reviews

Anonymous said...

Having read this I thought it was very informative.
I appreciate you finding the time and energy to put this content together.
I once again find myself spending a lot of time both reading and commenting.
But so what, it was still worthwhile!

Feel free to visit my blog post Pur Essence Skin Care

Anonymous said...

Heya! I just wanted to ask if you ever have any trouble with hackers?
My last blog (wordpress) was hacked and I ended up losing a few
months of hard work due to no backup. Do you have any solutions to protect against hackers?


Stop by my page Acai Ultra Lean

Anonymous said...

Very good info. Lucky me I came across your blog by chance
(stumbleupon). I've book-marked it for later!

Also visit my blog post: Muscle REv Xtreme Review

Anonymous said...

I loved as much as you'll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this increase.

my webpage :: Garcinia Cambogia Trim

Anonymous said...

Hi, I think your site might be having browser compatibility issues.
When I look at your blog in Safari, it looks fine but when opening in Internet
Explorer, it has some overlapping. I just wanted to give you a quick heads up!
Other then that, great blog!

Feel free to surf to my blog; Ultra Celeb Diet Review

Anonymous said...

I don't leave many remarks, but i did a few searching and wound up here "No evidence for Walker's claim that government
regualtions impede job creation". And I do have a couple of questions for you if you usually do not mind. Could it be simply me or does it appear like some of these remarks look like coming from brain dead people? :-P And, if you are writing at other places, I'd like to follow everything new you have to post. Would you list of the complete urls of all your community pages like your linkedin profile, Facebook page or twitter feed?

Stop by my blog post ... Buy no2 maximus

Anonymous said...

Its like you read my mind! You seem to know a lot about this, like you
wrote the book in it or something. I think that you could
do with a few pics to drive the message home a little bit, but other than that, this
is great blog. An excellent read. I will certainly be back.


Feel free to surf to my website :: Test-o-boost reviews

Anonymous said...

I'm truly enjoying the design and layout of your blog. It's a very easy on the eyes which makes it much more enjoyable
for me to come here and visit more often.
Did you hire out a designer to create your theme? Fantastic work!


Also visit my site Green Coffee Cleanse Diet

Anonymous said...

What's Happening i am new to this, I stumbled upon this I've found
It positively useful and it has aided me out loads.
I am hoping to give a contribution & help other customers like its aided me.
Great job.

Here is my homepage ... Green coffee

Anonymous said...

You really make it appear really easy along with your presentation however I in finding this matter to be
actually something that I feel I would by no means
understand. It seems too complicated and very extensive for me.
I am looking ahead in your subsequent submit, I'll attempt to get the grasp of it!

Review my weblog ... Elevate GF And 1285 Muscle :: ::

Anonymous said...

Thanks for your personal marvelous posting! I definitely enjoyed reading
it, you will be a great author. I will make certain to bookmark your blog and definitely will come back in the future.
I want to encourage you to continue your great writing, have a nice weekend!


buy raspberry ketone ()

Anonymous said...

Good article. I absolutely love this website.
Keep writing!

my page :: Auravie

Anonymous said...

These are genuinely impressive ideas in about blogging.
You have touched some pleasant points here. Any way keep up wrinting.



my page :: Buy Acai Energize

Anonymous said...

Fantastic site you have here but I was wanting to know if you knew of any community forums that cover the same topics talked
about here? I'd really like to be a part of group where I can get opinions from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Cheers!

Feel free to visit my web-site Revolyn blog