Jesús Arturo Devesa
Economist , MBA
Impact of Fiscal deficit reduction policies over economic sectors Ideas and data for congressmen and senators: The necessity of millionaires (04/08/12): Our econometric
model indicates that wealthy people have unstable incomes that are usually
linked to financial markets. High earners
have volatile incomes. Taxing
the wealthy creates budget shortfall in the recession cycle. Encouraging
wealthy people to work and prosper despite their income volatility is
an import way to reduce fiscal deficits. The dependence
on the wealthy to reduce fiscal deficits has become more visible in
the last 20 years and an increase in millionaires would allow a State
and Federal tax reduction. Our ideas and studies taken from analytical data may give you instruments to implement innovative solutions. |