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Economic growth means growth in GDP, or economic value-added.
FORBES: Investment and Technological Progress
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In simple terms, economic value-added is almost entirely defined by the sum of wages and profits.
FORBES: Investment and Technological Progress
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So if you want to create economic value-added, you have to do things that create jobs and pay wages, or create profits, or both.
FORBES: Investment and Technological Progress
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And if you want to create growth in economic value-added, you have to do things that increase increase those aggregate wages, or increase those aggregate profits, or both.
FORBES: Investment and Technological Progress
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But purchasing equipment does not automatically add anything to economic value-added, once you have given credit to the original manufacturer for his labour and profit in the item.
FORBES: Investment and Technological Progress
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Is there anything that this administration is doing to consider, calculate, pose in any way, shape or form, weigh or measure potential deficit implications or economic implications of a value-added tax?
WHITEHOUSE: Press Briefing
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And Merkel is still plowing ahead with her economic restructuring plan, even pushing through a dreaded value-added tax increase.
FORBES: Magazine Article
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But the key to economic growth is not just the low cost of production, it's the value added--the innovation, design or better architecture, or the sheer intangible of exciting fashion.
FORBES: Fact and Comment
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In the end, Bruce makes a case for phasing in a well-designed Value-Added Tax, both to help reduce the deficit and in the name of economic efficiency.
FORBES: Two Good New Books on Tax Reform