Word: taxed
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...Principles of Economics will reveal subsidies are, as a general rule, inefficient; they distort incentives and create deadweight loss. While they can produce artificially low prices at the grocery store, the funds paying for this difference come straight out of consumers’ wallets in the form of tax dollars. Ultimately the costs outweigh the benefits. American farm subsidies are no exception, and have the added drawback of incurring the ire of foreign farmers who find themselves undersold by government-backed U.S. agriculture. This consistently creates a roadblock in international trade negations, as evidenced by the near failure...
...Following the speech, Rove answered questions on subjects ranging from the term used to refer to the estate tax to the possibility of a U.S. troop presence in Iran...
...While Senator Obama may be able to give a great speech on the costs of a college education, his policies will hurt the very families that they aim to help by weakening the economy.” Weatherl said Obama’s plans to allow the Bush tax cuts to expire and to enact policies that would “fail to allow free trade” would weaken the economy, forcing recent college graduates further into debt. Although the issue of tuition costs was ranked most important among issues related to higher education, respondents were nearly equally divided...
There is real reason for excitement. Much to the surprise of technology analysts, Africa is the fastest-growing mobile phone market on the planet and Safaricom has profited handsomely by catering to customers who don't have a lot to spend. In 2007, the company's pre-tax profit was $370 million, making it what was believed to be the most successful company in the continent outside South Africa. The more stunning figure is its subscriber base - which grew from less than 20,000 in 2000 to about 10 million today, upending the conventional wisdom that sub-Saharan Africans, especially...
...University of Calabria. "We shouldn't see this as a country divided in two," he says. "The maladies of the Mezzogiorno are the maladies of Italy. It's just a question of degree: what is gray in Italy is black in the south." Indeed, entrenched nationwide ills like tax evasion, cumbersome bureaucracy and a self-serving political class are of a piece with the south's blight - crime and blatant corruption. Neither the public nor private sectors have been modernized in Italy, as they have been elsewhere in Europe, explains Fabrizio Barca, a senior Italian Economy Ministry official. "The north...