Taxes

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Following the debt crisis, the composition of capital flows changed in favor of foreign direct investment (FDI). Simultaneously there was an outgrowth of literature on the determinants of FDI. Most of this work focused on exchange rates, tax rates and locational advantages, but …

"Must we resign ourselves to a growing chasm between rich and poor? Bruce Ackerman and Anne Alstott propose an innovative alternative in this thought-provoking book: an eighty thousand dollar grant for every qualifying young adult. The authors analyze this plan from many perspec…