English to Russian Other Economics

Доброго времени суток.

John Steele Gordon, author of An Empire of Wealth: The Epic History of American Economic Power, pointed out the many benefits this would have in a December 29, 2014, essay in The Wall Street Journal: We would get rid of the legions of lobbyists and accountants wasting time trying to game the corporate tax system; with the increased profits this tax relief would bring to companies, many would “increase both dividends and investment in plant and equipment, with very positive effects for the economy as a whole and increased revenue to the government through the personal income tax.” At the same time, “stock prices, which are a function of perceived future earnings, would rise substantially, inducing a wealth effect ***as people see their 401(k)s and mutual funds rising in value***. That would lead to increased spending and thus increased tax revenues . . .

Спасибо.