Yeah, it won't cure baldness either. What it will do is solve a specific problem (countries undercutting each other and driving the tax rate to zero) which AFA

Yeah, it won't cure baldness either. What it will do is solve a specific problem (countries undercutting each other and driving the tax rate to zero) which AFAIK has no other solution. The fact that it doesn't also solve a different problem we don't yet have is not a good reason to abandon it.