Republicans' long-term strategy, since Reagan, is to spend a lot of money (mainly on things that won't benefit non-rich Americans), refuse to raise taxes, and therefore greatly increase the national debt.
Germany is in trouble. But the trouble goes deep and cannot be addressed by "more of the same" socio-economic measures in the domain of taxes or social spending or regulation.
This is a computer system made for pros, and I mean that in the sense of professional computer lovers. People who are willing to invest time and energy into learning how their system works, and reap the benefits that come from that investment.
I think most high skilled Europeans are happy to pay (even high) taxes That is, if the government does a great job like Singapore or Dubai or Korea or Japan and most things work well You pay the government for a service and you get safe cities, great public services and great healthcare back
The debt dynamics work the same for a central government as they do for a person or a company, except that a central government has a central bank that can print money (which devalues it) and it can take money away from people via taxes.
Ritholtz does exactly that, running through such surefire ways to wreck your wealth as ignoring taxes, paying excessive fees, misinterpreting data, overreacting to short-term trends, and trading too much.
Breakneck by Dan Wang Wong does an excellent job at objectively looking at the pros and cons of the Chinese and American societies. The engineering state versus lawyerly society as a way to explain each nation is brilliant.
That's how you end up in an endless loop of ever-increasing taxes, ever-increasing regulation, which ultimately suffocates free market, free enterprise, and free speech. So, you do want to have very, very strict limitations on the extent the government can increase its powers at the expense of citizens.
it has to be consolidated because to basically make the money back on the pre-training and post-training process you need relatively few players that are collecting taxes you know from all the players on top or you just can't make the the math work.
The fact remains that without a stock of capable administrators, industrial policy and export targeting and infrastructure-building—or even Adam Smith’s minimum of “peace, easy taxes, and a tolerable administration of justice”—are a nonstarter.
El problema es que la justicia social no es justa, sino que tampoco aporta al bienestar general; muy por el contrario, es una idea intrínsecamente injusta porque es violenta; es injusta porque el Estado se financia, a través de impuestos y los impuestos se cobran de manera coactiva.
If the future is like the past, this implies that debt rollovers—that is, the issuance of debt without a subsequent increase in taxes—may well be feasible. Put bluntly, public debt may have no fiscal cost.
Their words now
Across advanced economies, the celebrated ( r - g ), i.e., the difference between the interest rate and the growth rate, appears to have durably changed sign or, at a minimum, to have gone from a substantially negative number to a number closer to zero.
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