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Ali's avatar
Jun 28Edited

Really intetesting ideas. Any thoughts on a cap on government spending? Focuses governments on governing vs being the economy.

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Alan's avatar

Seems like Western governments have pursued an industrial policy for finance for the last 4 decades. I like the ideas about equalizing labor and capital tax rates, abandoning WTO. Bravo for putting something out there.

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Hedge Row's avatar

We're already slow marching toward central planning and increased authoritarianism, no thanks. Wake me up when US government spending is back below 15% of GDP and the path to neofeudalism is closed.

https://fred.stlouisfed.org/series/FYONGDA188S

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Clement's avatar

I agree with what you say, but with regards to tax competition - this is a messy diplomatic issue that can't be resolved at the national level. And given that international cooperation is so frayed today I doubt that we will see any meaningful progress.

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Russell Clark's avatar

Agreed... but at what point does a debt crisis appear and force a change?

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