(24) Declining corporate taxes may add a tailwind to earnings and business sentiment. If businesses open their balancesheets to invest in expanding their businesses, jobs will come and form a self-fulfilling prophecy.
We Are the Most Unequal Society in the Developed World... And We Don't Know It
Americans are virtually blind to the growing gap between CEO pay and the pay of the average worker. As the chart below shows that gap has increased dramatically. In 1965, for every dollar earned by the average worker, CEOs earned 20 dollars. By 2012, that gap mushroomed to 354 to one.