Tax reform: The good, the bad and the ugly. Part One

TaxUSInvestment commentator John Mauldin looks at the proposed tax reforms in the United States and wonders whether or not they will meet their objective; the creation of new jobs and the boosting of the economy. 'But which jobs, what kind of jobs, and where?' he ask. He predicts that even if the Apple iPhone were to be made in the US, this initiative would not create many jobs as the work would be done on a robotic assembly line. He also expresses concern that the future might mean losing more service jobs in retail centres due to the unstoppable trend to online shopping. Read more