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Kamagra online shop erfahrungen. A team of economists at the University California, Berkeley is warning the Obama administration that proposed American Jobs Act is too big and costly. The authors add that Congress's latest attempt to create jobs only offers the most "nuanced" assistance to American workers. Professor Lawrence F. Katz of Berkeley, in a recent Wall Street Journal Op-Ed, contends that the new Jobs Act falls far short of the job creation needed. new legislation, he says, only helps the top 1 percent of American workers. The proposed bill provides $5.2 trillion in tax incentives, all funneled to businesses that will create jobs. Of its expenditures, 90 percent is for education and training. Katz contends that this bill, if passed, would only help a small fraction of Americans. The Jobs Act, Katz asserts in his Journal Op-Ed, does nothing to address the current structural imbalance of wealth in the United States. past 30 years, the top 1 percent of workforce has captured 95 percent of the income gains. This has allowed them to become much wealthier than the rest of population. But the Obama administration has a different agenda. During his final State of the Union Address, Obama told a crowd "in the next generation, if our kids are guaranteed a good education, if they can trust that their hard earned money will just get deposited safely in a bank … then our whole economy will expand. nation improve." Unfortunately, Obama's agenda only benefits the very top of income ladder. Most American workers will be given free handouts and nothing, or next to will be given back in return. The Obama administration's agenda is so out of touch and wrong, that it was ridiculed by New York Times columnist Paul Krugman. "The current proposal does not do very much to raise living standards for American families," Krugman concluded. The Obama administration's plan is not designed to provide the necessary assistance working Americans to help them regain their economic footing. Rather, it is geared toward providing financial aid to the top 1 percent of Americans who can use their income to purchase high priced houses and vacation resorts, vacations jet skis to avoid the taxes necessary create jobs for other Americans. The Jobs Act is simply an attempt by Obama to create jobs for American workers. Instead, Obama wants workers to take a cut or lose benefits. Katz has been criticized for overstating the problem of income inequality. He asserts that in 2005, the wealthiest 10 percent had 37 of income gains. Yet it appears that the only measure of income inequality is an increase in the income of wealthy. Katz contends that the Bill and Melinda Gates Foundation, the Rockefeller Foundation and Ford Foundation, along with the Rockefeller and Carnegie Foundations, received $75 million each from the Jobs Act. This is a major portion of the money that was proposed to be spent on various initiatives that will ensure young Americans receive a good education. The money needed to provide education that the Jobs Act would facilitate appears to be not enough help all Americans who are facing a jobless economy. The proposal fails to address real issue of income inequality. The Jobs Act, however, does provide a small amount in tax subsidies for businesses. However, these tax breaks will only help the top 1 percent of American workers who will then be empowered to purchase expensive homes and vacation resorts, while employees of low wage workers receive virtually nothing. Katz claims that online pharmacy uk next day delivery as of 2012, the current tax system penalizes companies that offer new investments. But it is a very small amount of money that goes to.

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