A huge amount of your personal economics that is actually applicable to today boils down to whether you think it is the government’s responsibility to create an environment that facilitates the unemployed being able to find a way to find productive employment or whether you think it is the government’s responsibility to directly or indirectly (through spending) employ the unemployedThinking about he flat corporate tax rate as a source of structural unemployment: incentivizing investment through a sloped corp income tax rate structure. Slope can be through marginal corporate income tax rates that promote SME formation or eliminating dual tax in favor of income pass-through Thinking about incentivizing capital formation and giving traction to SMEs by making investment and entrepreneurship more attractive vs rentierism and asset accumulation.
— Chairman Bernanke, in response to Jon Hilsenrath. Page 13-14. FOMC Press Conference Transcript, December 12, 2012