Bad Tax Policies and Excessive Debt Hurt Economic Growth
LAS VEGAS–Tepid economic growth is hampered by countries that impose punitive tax policies and engage in runaway deficit spending, according to speakers who opened the FreedomFest conference’s Global Financial Summit here yesterday.
The situation applies to countries such as the United States, as well as to others in Europe. However, certain nations in Central and Eastern Europe, as well some in Asia, are trying to sidestep those pitfalls.
Keys to putting the United States on the path toward prosperity include using a “sound currency” and remedying the tax problem, said Steve Forbes, editor-in-chief of Forbes magazine.
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Paul Dykewicz is a seasoned journalist who is the editorial director of the Financial Publications Group at Eagle Publishing and the editor of the Eagle Daily Investor website. He also edits five monthly investment newsletters, Forecasts & Strategies, Successful Investing, High Monthly Income, Alpha Investor Letter and PowerTrend Profits, as well as a number of time-sensitive trading services.