Mr Wilson explained that the primary purpose of the bill was to introduce a temporary levy on larger retail stores in order to relive the rates burden on smaller businesses.
Unlike the example of the sales tax above, much of the burden of the higher tax rates are likely to fall on those who provide services to the 2%.
Mr Serra likes to say that Brazil holds three negative world records: it has the highest interest rates in the world, the heaviest tax burden of any emerging country and one of the lowest rates of public investment.
And because most British mortgages are at variable interest rates, or are fixed for only a few years, sharp cuts in rates in Britain eased the burden on debtors more than rate cuts did in America, where many more mortgages are at fixed rates.
He prefers to lower rates and our regulatory burden to get the economy moving again.
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But what would happen if China in particular slowed, the fiscal stimulus ran out, and interest rates made the debt burden more expensive?
Ethanol subsidies are a spending programme placed in the tax code that increases the burden of government, keeps tax rates artificially high, and forces consumers to pay more for fuel and energy.
Likewise, debt-fueled spending risks over-stimulating the economy in the short-term at the cost of future growth, not to mention that it incentivizes the government to keep interest rates low (as high rates worsen the debt burden).
Only government can subject all industries simultaneously to the effects of its macro policies, such as rising or falling interest rates, the general burden of taxation, the moral hazard inherent in the promise of bailouts, and the uncertainty and perverse incentives of open-ended regulatory programs.
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Both men are cutting corporate tax rates while raising the overall burden of tax on business.
Thanks to low interest rates, households' interest burden is a lower share of their income than it was then.
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Falling prices increase the real burden of debt, and real interest rates cannot be reduced to boost the economy, because interest rates cannot be negative.
However, analysts have argued that injecting cash into the markets may not be enough and that the central bank needs to cut interest rates to bring down the burden on businesses and consumers.
And if interest rates remain high too, its debt burden will be a big concern.
"As a result, if interest rates need to be raised, the burden on South Korean's households will increase, " he adds.
But if the main reason for lower rates is lower inflation, the real burden of debt will take longer to pay back.
More fundamentally, Mr Eichel is not broadening the tax base so as to cut tax rates, but to raise the tax burden.
We cannot expect to achieve this by raising tax rates, unless those who bear the burden of these higher taxes do so cheerfully.
The central bank has also cut its interest rates twice since June, to ease the burden on consumers.
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Only lower interest rates can lift the centre's huge burden of internal debt.
Richard W. Judy, director of the Hudson Institute's Center for Workforce Development, in Indianapolis, Indiana, cites several institutional factors contributing to Europe's sloth: generous unemployment insurance, a regulatory burden that discourages hiring, easier retirement rules and tax rates that reduce incentives.
Japan must cut income tax rates substantially, which would reduce the price and burden of risk-taking and reward success and productivity.
Government debt amounts to over twice the size of the economy and higher rates would vastly increase the government's repayment burden as it continually sells new bonds to finance its deficits.
"An ageing population, recent legislative changes, lower interest rates and low investment returns, an increased tax burden and the government's ongoing pensions reform programme are factors that affect all employees and employers, " said Professor Bill Wakeham, chairman of the employers' Pensions Forum .
At the workshop Andrew Lo of the Massachusetts Institute of Technology presented a model of the American housing market, inspired by ABM approaches, which showed how a fateful conjunction of rising house prices, falling interest rates and easy access to refinancing created an awesome burden of debt.
All the candidates agree on the need to repeal ObamaCare and Dodd-Frank, to reduce the regulatory burden on American business and to cut corporate and personal income tax rates through tax reform.
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Interest rates are at record lows, so interest costs pose little burden even for heavily indebted companies.
An important reason for this is that consumers have so much more debt these days, that the burden of servicing it is a heavy one even with relatively low interest rates.
Debt in these countries has become a burden not because of government profligacy but because each enjoyed a decade of low interest rates and was then hit by the financial crisis.
But a big debt burden does make the firm riskier to own, sensitive not just to a rise in interest rates but also to a downturn in the retail market.
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