American Consequences - August 2017


Get Me a Quote onThat

"Now, just listen to me. And listen carefully, please, because I will be speaking bullshit." Michael Chabon, The Yiddish Policeman's Union

"When a man's frauds have been enormous there is a certain safety in their very diversity and proportions." Anthony Trollope, The WayWe Live Now

The corporate tax should be abolished... Corporations should be required to attribute to individual stockholder earning which are not paid out as dividends. That is, when the corporation sends out a dividend check, it should also send a statement saying, "In addition to this dividend of ___cents per share, your corporation also earned ___

cents per share which was reinvested." The individual stockholder should then be required to report the attributed but undistributed earnings on his tax return as well as the dividend. Corporations would still be free to plough back as much as they wish, but they would have no incentive to do so except the proper incentive that they could earn more internally than the stockholder could earn externally. Few measures would do more to invigorate capital markets, to stimulate enterprise, and to promote effective competition. Milton Friedman, Capitalism and Freedom

"To a flock of sheep the sheep who is every evening driven by the shepherd into a special pen to feed, and becomes twice as fat as the rest, must seem to be a genius." Leo Tolstoy, War and Peace "Modern bourgeois society with its relations of production, of exchange, and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer, who is no longer able to control the powers of the nether world whom he has called up by his spells." Karl Marx and Friedrich Engels, The Communist Manifesto


In the late '70s, a bored student invented the electronic spreadsheet. It transformed industries... As one journalist wrote more than 30 years ago, "The spreadsheet is a tool, and it is also a world view – reality by the numbers." Spreadsheets , a Planet Money podcast from NPR

100 | August 2017

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