At base it is this: “It’s the economy, stupid.” A healthy economy solves a myriad of problems, from employment, to wages, to welfare, to healthcare, to pensions, to budget deficits. A healthy overall economy is only possible with a healthy private economy. There are many examples of successful countries with a healthy private economy, and a somewhat wasteful and corrupt government. A healthy economy must have healthy corporations – profitable corporations that expand and invest, and consequently hire more people. With today’s high corporate tax rates, this has only been possible because corporations have lobbied for a vast array of tax exemptions, lowering their overall tax burden.

Source: Forbes November 29, 2017 16:30 UTC