4 ms·
Most of these are poorer than G7 (and especially the US who is the main beneficiary), so my statement is 100% correct. I didn't say that all poorer countries wi
by loxs 5y ago
Most of these are poorer than G7 (and especially the US who is the main beneficiary), so my statement is 100% correct. I didn't say that all poorer countries will get poorer by this specific action. There are many other actions to make everyone poorer than the US.
- peteretep 5y agoWhat’s the mechanism by which poor countries will get even poorer exactly here?
- loxs 5y agoLess companies will be formed there if they don't have a tax advantage.
- peteretep 5y agoAnd yet tax receipts locally will be up.
- CryptoPunk 5y agoAnd less private spending and investment by these corporations and their shareholders. The optimal size of government spending, as a percentage of GDP, for economic growth, is likely well below 25%, and significantly lower than the level in every OECD country, so to the extent that this enables increases in government spending, it will likely hurt economic growth: https://web.archive.org/web/20170821004405/http://ime.bg/uploads/335309_OptimalSizeOfGovernment.pdf https://web.archive.org/web/20170821004405/http://ime.bg/upl...