As America digs itself deeper into a financial hole, Congress and states are using a venerable political ploy to justify even more spending: increasing taxes on the wealthy and big companies ostensibly to help those with less. That ploy may have worked in the early 1900s when big bosses often were so-called robber barons. Today, however, even people at the bottom of the economic ladder realize wealthy individuals help fuel the nation’s economic development in important ways. The U.S. is a democracy, but wealthy individuals faced with confiscatory taxes can easily vote with their feet by moving their operations and
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.