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‘Trickle-down’ tax cuts make the rich richer but are of no value to overall economy, study finds
The 2017 Tax Cuts and Jobs Act didn t pay for itself, failed to stimulate long-term growth and didn t lead to sustained business investments, an extensive study concludes.
By Christopher IngrahamThe Washington Post
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President Trump holds a news conference after signing the Tax Cuts and Jobs Act into law on Dec, 22, 2017. Washington Post photo by Jabin Botsford
President Trump sold his 2017 tax cuts as “rocket fuel” for the economy, arguing that freeing up money for the wealthy would allow them to hire more workers, pay better wages and invest more. The tax savings, in other words, would trickle down from the rich to everyone else.
Vanguard News
Augustine University graduates second set of students
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By Mary Obaebor
AUGUSTINE University, Ilara-Epe, Lagos State has turned out its second set of graduating students. Speaking on the occasion, the Vice Chancellor, Prof. Christopher Odetunde, said five out of the 38 graduating students got first class degree, while 20 got Second Upper Class, 11 in the Second Lower Class and two with Third Class.
Odetunde noted that despite the challenges posed by the outbreak of Corona virus disease in the country, the university was waxing stronger and would soon introduce some new courses.
He stated that officials of the National Universities Commission, NUC, would soon visit the school in respect of its preparations for the proposed courses. The courses are Biotechnology, Cybersecurity; Fishery; Information Technology; Mass Communication; Political Science; and Software Engineering. He expressed the hope that with the advent of these courses, Augustine University w
Nomadland sets Frances McDormand to shine against landscape of American West in grey nomad tale
WedWednesday 23
updated
ThuThursday 24
DecDecember 2020 at 12:29am
Nomadland is adapted from Jessica Bruder s non-fiction book of the same name, based on interviews with older Americans forced into itinerant lives by economic necessity.
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In a performance that has her tipped as an Oscars favourite, Frances McDormand leads Chloe Zhao s Venice Gold Lion-winning Nomadland a song of exile in which a 60-something widow takes to the open road, searching for home or something like it.
Set in a present day where the gig economy is simply an established fact and the American Dream has long gone to seed, Nomadland opens with the brief history of Empire, Nevada.
Robin Wilson: If
Capital in the Twenty-First Century made you famous for one thing, it was the equation ‘r>g’: the rise of inequality in recent decades has been linked to the excess of profit accumulation over economic growth and so to huge rents for shareholders and chief executives. Redressing such inequality then implies taxing heavily capital assets as well as high incomes. But in
Capital and Ideology you raise a problem: a feature of globalisation has been the transnationalisation of wealth and the failure of nation-states to keep up even in terms of the data they collect. So what is to be done?
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