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"That was always an issue for us," Don Logan, the president of Time Inc., told the Los Angeles Times in 1997, a few months after Stewart managed to raise enough of what she called "internally generated capital," $53.3 million, to buy herself out of Time Warner, which had been resisting expansion of a business built entirely around a single personality.
As my colleague R.A. notes, "Fed tightening cycles have consistently generated capital flow reversals over the past 30 years," an observation well documented in great detail by the IMF.It is surprising is that asset markets are responding now to a process the Fed telegraphed months ago and then executed as promised, especially after the first inkling of tapering triggered a pullback last summer.
The tax rate on reinvested earnings reduced to zero, whereas the tax on corporate income was set to 21%% in order to support the accumulation of domestically generated capital (European Commission 2009).
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Second, it is just untrue to say that the extralegal sector cannot generate capital.
"I know plenty of ways to generate capital here," he said.
Policy distortions and financial frictions are two leading candidates in generating capital misallocation.
Yes, their deals generate capital gains but that does not entitle them to the lower rate.
Unlike exotic derivatives and super-fast trading algorithms, crowdfunding generates capital for job-creating small businesses.
Public ownership would generate capital for investment and expansion and a currency — common stock — that could be used for acquisitions.
Trump's tax and regulatory policies could generate capital inflows and a corresponding increase in the trade deficit.
The business of buying companies cheaply and selling them on (if all goes well) for a profit generates capital gains.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com