My findings cast doubt on claims that rising inequality is responsible for slowed income growth in America—and they suggest that attempts to reduce income inequality, in the U.S. and elsewhere, may not produce higher living standards among the poor and the middle class.
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Obama can threaten corporations ad infinitum, but he can only stop inversions by encouraging Congress to reform the code so that U.S. multinationals have the same tax and investment advantages as foreign ones. By inverting, corporations are only acting in their best interests and in the interests of their shareholders, and they should be praised for doing that.
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