The most important form of job creation of startups what is going on . Thanks to the heritage addition i appreciated. I think when Highschool Students 100 years from now garner about economics there will hear about John Maynard Keynes and art laugher absent a. And then to go into permanent decline. I read a lot about what is going on. I use google and facebook did were doing great. With web applications. Looking at the numbers of a steady erosion of the startup the past 30 years. With big box Retailing Stores that is not so good for momandpop but it is for consumers. They get paid higher wages in than people get less expensive goods. That could explain part of it. To see a decline not only of startups with the hightech startups overall which was the Fastest Growing Business Consultants call a fast growing firm. That is worrisome because not only do they create a lot of jobs but innovation whole over the past 20 years the startups have the important function with Big Companies. You can
Power that it already is. The the soft power, its position on north korea will be significant. I understand why china takes the position it takes now because it still serves a purpose in terms of a strategic a strategic buffer, but i think the longer china continues to be a patron of this road state that has been determined by the United Nations as a country that commits crimes against humanity, that turns a blind eye to the nonproliferation regime, it is going to be a huge burden on china increasingly. I believe in the mid to longterm perspective, the sooner china is able to shut this headache the sooner china will become a leader that we will are in its respect, and certainly from south korea. Professor moon. Yes, a pressing priority for all of us. Very shortterm thinking on my part, which is lunch. [laughter] thank you again. Lets give a big hand to our prestigious speakers. [applauding] [inaudible conversations] q a is ten years old, and to mark a decade of compelling conversations
Costs and improve patient care. Im a Glass Half Full kind of person i hope we can work constructively, working with republicans and democrats, the administration all to make sure we have the right incentives in place that allows folks like mary to have access to the material they need. We dont need any unnecessary delay to the regulatory process through tax policies that prevent rations from getting access to these therapies. Could this next congress in january, when they convene for the 114th, addressed this issue . That this is an issue leaders of both sides of the aisle have said its a priority. This tax has been in effect in it with each passing day, more and more money is being siphoned away from investment and job creation and research and development. Where hoping its as soon as possible that congress will act to repeal this tax in this money will be able to immediately go back and it sure that these jobs are not moving offshore and stay here domestically and companies that had
Think about that will be a reality on the chinese side these have to be prepared for. To the economy continues slow down, we should be prepared for and we will see United States demonstrations in japan. People will not be as easily Economic Growth they will mobilize around essential fundamental issues. One of those will be history. Sometimes it is worth as remembering that. We can see the street demonstrations and assume that is this reservoir of energy, in fact i think there are many opportunistic protesters, people who will go into the street for whatever is available. Is an issue, that they may go into the street for that, but there may be Economic Issues below that. Speaking of demonstrations, lets talk about hong kong. You recently wrote about the demonstrations in hong kong. It the prevailing view in china or should we expect china to take a harder line on hong kong . Have the basic law that out between thatcher we are now living with that. In white paper came out june that creat
This is real money. Join in on the live conversation. You work hard to provide your family with food, clothing and homes. We spend more on taxes. Afrnling 29. 4 of the house hold budget. The tax system is a multiheaded animal. And animal whose appetite is affecting every from the rich to the poor and then state taxes and property taxes and payroll taxes and lots more taxes and individual income taxes represents the largest come moent and the United States has a progressive tax system and we have agreed that high income earners pay a higher percentage of the income than those earning less. 7 federal income tax brackets as low as ten percent, all the way up to 39. 6 for the highest earners. The more you earn the higher the tax rate on the marginal income above the threshold that got you into the bracket that you are in. We have done that, that system, because disspite the fact that some think it is a dirty word, america judged it important to use the tax to redistribute the wealth in thi