Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Sherlock Holmes shop
Our Birmingham Shop
Books We're Talking About
Our Bristol Shop
Animators Survival Kit

Taleb criticises tax breaks for 'poor performance'

20th August 2009

A leading US academic has criticised president Barack Obama's approach to taxation during the recession.

New York University professor Nassim Nicholas Taleb, dubbed David Cameron's new intellectual guru, believes that it is wrong to give tax breaks to businesses that are failing.

Speaking to the Guardian, he said that doing the 'wrong thing' could prevent the US economy from evolving.

Professor Taleb said: 'If you are making money in 2009 - that means you have a robust business in the cycle - you are paying more taxes.

'If you are losing money in 2009 you get a bigger tax break. It is the opposite of everything I believe in.'

Nassim Nicholas Taleb's The Black Swan has attracted praise from Conservative Party leader David Cameron.

The book tracks the history of economic crisis, arguing that the impact of highly improbable events such as market crashes are impossible to predict, suggesting that we should stop trying to forecast everything.

Latest Blog
#FoylesFive: Forlorn Festive Fiction
09/12/2016

Jay from our Birmingham branch gets us in the Christmas mood, or gets us moody for Christmas with his Forlorn Festive Fiction picks.

#FoylesFive: Non-Fiction Picture Books
07/12/2016

Matt from our web team tells us all about his favourite Non-Fiction children's books for this Christmas and beyond.

Damian Barr Revisits a Christmas Classic
06/12/2016

It’s Christmas so this month we had to choose Dickens’s classic festive ghost story, A Christmas Carol.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd