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The whole 50 per cent top tax rate matter needs to be tackled, but since this is revenue-neutral (or may even cut revenue in the longer term) that is a political rather than an economic matter.
Paul Johnson of the Institute for Fiscal Studies (IFS) points out that such calculations should take account of the behavioural changes the tax causes: an IFS study claimed the new rate could diminish revenues, because it provides a disincentive to those close to the threshold to carry on earning and makes mobile high earners less likely to come to Britain.Does the spat over the top rate matter?
Why, you may ask yourself, should a fund's hurdle rate matter?
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It is true that few U.S. corporations pay that maximum rate, but the statutory rate matters.
He doesn't think the interest rate matters because the sums being saved are so small.
When the rouble was strong, the exchange rate mattered much more than domestic interest rates, and the central bank targeted the exchange rate rather than inflation.
-- My colleague Jim Tankersley had a great discussion with the Wall Street Journal's Ben Casselman a few months ago on why the labor force participation rate matters.
The magic of compounding means that the exact rate matters a great deal when looking at things far in the future.
I want to suggest something to consider for those looking at large public institutions: The four-year graduation rate matters, a lot.
By itself, that rate mattered much less to economic activity than, say, those on 12-month corporate loans or 30-year mortgages.
At Crowd Supply, delivery rate matters most.
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