Daily Clips: April 27, 2017
Do sweatshops lift workers out of poverty?
For poor countries to develop, we simply do not know of any alternative to industrialization. The sooner that happens, the sooner the world will end extreme poverty. As we look at our results, we are conflicted: We do not want to see workers exposed to hazardous risks, but we also worry that regulating or improving the jobs too much too quickly will keep that industrial boom from happening.
Economists fear tax plan heightens a ‘mountain of debt’
House Republicans have made a move to avert government shutdown — for at least a week
Texas mayor blasted after she says lack of faith in God causes poverty
New Trumpcare plan ‘makes bad bill worse,’ AARP says
Trump’s tax plan is trickle-down fundamentalism:
Experts on the left and right agree there’s no way the White House can cover the cost of those cuts—about $2.4 trillion in lost revenue over 10 years—just by limiting deductions, closing loopholes, or even including dubious revenue raisers like House Speaker Paul Ryan’s border-adjustment tax, which Trump has now ditched. Alas, Trump and his aides are turning to the only argument that politicians can make to justify trickle-down economics: that when the wealthy and corporations pay less in taxes, economic growth surges and make up for the lost revenue.
