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Imagine if you will two countries, one poor and one well off. What happens if you merge them? The average salary drops, GDP per capita drops, tax revenue per ca
by Grustaf 6y ago
Imagine if you will two countries, one poor and one well off. What happens if you merge them? The average salary drops, GDP per capita drops, tax revenue per capita drops, will infrastructure and welfare spend per capita rises.
You might believe that it will catch up at some point, but no body think this will take less than a few generations.
Who benefits in the meantime? The largest corporations, the ones whose size is only limited by the size of the country. So not your local restaurant.