3 ms·
I basically agree with all you say, except the idea that all this constitutes being on the verge of massive disaster. One reason is that, on the whole, a wide
by curi 19y ago
I basically agree with all you say, except the idea that all this constitutes being on the verge of massive disaster.
One reason is that, on the whole, a wide variety of things are getting better over time. Including our wealth -- we are getting richer, despite all our taxes.
Another issue is that if we are on the verge, then, for example, the UK is already too far gone. But that doesn't really seem to be the case. Civilization is very resilient.
- noonespecial 19y agoI guess that depends on the magnitude of disaster meant by "massive". A 1930's style depression is unlikely at this point because so much of the worlds wealth and means of producing wealth is now located outside of the USA. The USA is still a major player in the world economy but it is no longer the center. That said this downturn may bust us Americans down a notch or two on the world stage, perhaps even enough that we have to make some serious lifestyle changes. So the question emerges: If I can't drive my hummer down to Mickey-D's and supersize that please... is it a disaster or what?
- curi 19y agoWe're going to have a disaster relative to the rest of the world? I thought most countries had even worse taxes.