Hank, Meet Herb

Forbes, Steve
January 2008
Forbes Asia;1/7/2008, Vol. 4 Issue 1, p11
The article discusses the thing that should be done by the U.S. government to prevent another economic crisis. What the government should do is to substantially cut individual and corporate income tax rates and eliminate the alternative minimum tax. Such moves would quickly swing the economy back into high gear. The size of the losses from subprime slime is easily absorbable in an economy in which consumers have assets of more than $50 trillion. The financial net worth of consumer households in this country has reached a record-level $31 trillion.


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