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"They want to stimulate demand, but there are a lot of nonmonetary factors that are inhibiting the economy, including distressed mortgages and foreclosures, the need for households to save, and a whole array of factors deterring businesses from hiring".
Shaky state finances are already deterring businesses from investing in Illinois, and taxes were raised substantially not all that long ago.Technical solutions include reducing or eliminating cost-of-living increases in pensions, increasing the retirement age and bringing in a pensionable salary cap.
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It's making it expensive to do business here, it is deterring tourists from coming to the UK, it is deterring business people from coming to the UK.
Inertia, however, is not deterring business or investment in PernixData.
High tax would deter businesses from handing out fat-cat salaries, he argued.
But his reputation could deter businesses from moving to the city, which was once known as the "beehive of industry".
Higher taxes clearly do not deter businesses and – invested properly in education, transport and infrastructure – can be used to attract business investment.
Sir Richard Branson has taken aim at both Qantas and the government, claiming that any taxpayer assistance for the beleaguered airline will deter businesses from investing in Australia.
At the same time, concern about whether the state would be able to balance its budget might have deterred businesses from making major new investments.
Meanwhile, low wage growth would dampen consumer spending while Brexit uncertainty would deter businesses from investing or opening new offices and factories.
Between 2000 and 2010, green-growth enthusiasts like to point out, the number of hybrid electric-car models increased from two to 30 and the number of "green buildings" certified by LEED, an international rating organisation, rose from three to 8,000.The other part of the answer is that market failures, co-ordination problems and government subsidies deter businesses from choosing green growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com