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Move Americans to jobs, not vice versa
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2017-08-29 09:02:43
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}A daily digest of opinions and analysisThe U.S. Gets Job Incentives BackwardsThe absurdity of using tax incentives to “create jobs” reached new heights last month, when Wisconsin announced a $3 billion package to lure Foxconn to the state. Instead of subsidizing companies a lot, why not subsidize workers a little? Mihir Desai suggests doing just that, by giving each unemployed worker a $15,000 credit to relocate where the jobs are.Investment Strategies of the 1 PercentThe upper middle class puts a lot of its wealth into real estate, but the upper-upper class knows better. Noah Smith finds that the wealthiest invest less in housing and more in stocks, generating higher returns.Seattle’s Boom Is a Boon for the Tax ManA head tax, a tech tax, a vacant-property tax: Liberal Seattle thinks of everything when it comes to raising revenue. Underlying this levy-mania, Joni Balter sees a populist revolt against tech-driven economic upheaval — in other words, a lefty version of Trumpism.How Not to Communicate: Lessons From TrollsTrying to intimidate your opponents is a sign of weakness, but online bullies persist — and that’s a problem for everyone. Kara Alaimo explains why angry emailers and Twitter trolls harm more than just their targets.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsAsset allocation in a low-yield environment (AQR)New space age offers promise and peril for investors (Barron’s)Want a diagnosis tomorrow, not next year? Turn to AI (Wired)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyFiat Chrysler is a clunker no moreKatrina, Rita and Harvey tell shale’s storyAmazon’s price cuts won’t solve Whole Foods’ problems(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe
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