Andover Business Club

Wow, this three-day week has been fast! We hope you had a somewhat restful long weekend after midterms. For those of you who missed the meeting this morning, ABC talked about the 2020 Presidential Candidates and the effects of their policies on the business world.  We began by talking about the tax policies of each candidate, namely that Trump proposes continuing to cut corporate and that Biden proposes to increase corporate taxes to 28% from 21% right now. Luc brought up a good point when he compared corporate taxes of both these candidates to that of Obama, which was closer to 38 percent, much higher than that of other wealthy countries. Both Biden and Trump's corporate tax proposals are significantly lower than Obama's, which could prove an important factor in economic recovery during a post-covid world. We also delved into Biden's 5.4 trillion dollar spending plan and his 2 trillion dollar deficit, even after increasing both income and corporate taxes. Is it an effectiv

We hope your week Midterms week went well. During ABC's Week 2 Meeting, we discussed  healthcare during COVID-19. Some questions we considered: What are the economics behind US Healthcare? Why is healthcare in the US so expensive versus in other countries? Who's benefitted from COVID-19? Should the US government subsidize COVID-19 vaccine research, or should private companies bear the cost of the burden? How should governments distribute funding for the vaccine?  T he article linked below – provided by Sam C. (thanks for this link!) – presented some great, though slightly biased, background information that ultimately guided our discussion from this week. https://www.nytimes.com/2020/08/05/health/covid-insurance-profits.html We understand that many of you were busy last week due to Midterms. Take care of yourself and we hope to see you next week during Meeting 3! 

 Welcome to the first Andover Business Club meeting of the school year! These are unprecedented times and certainly has taken all of us by surprise. And given that clubs cannot meet in person this term, ABC will look very different and the structure of this tight-knit community will inexorably feel new. Nonetheless, we welcome all students interested in the business world and beyond to the ABC community. Regardless of your experience in the business world or beyond, there is a place for you. Based on the survey sent out earlier, it appears most of you are interested in addressing the implications of COVID-19 on the business world in some way, shape, or form. Some of the surveys focused on how business models are changing while others wanted to talk about the rising importance of delivery. All of these important facets to address in these uncertain, changing times. At the meeting, we will vote on a specific topic or see where the conversation goes laissez-faire style.  We hope to see yo