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Sure, but no tax policy is going to bring back the economic situation of the US in the '50s.
by thfuran 3y ago
Sure, but no tax policy is going to bring back the economic situation of the US in the '50s.
- sam_lowry_ 3y agoMaybe another war?
- thfuran 3y agoI think we're much too deep into globalization for another world war to be anything but economically disastrous even if it's all overseas.
- jemmyw 3y agoI used to believe that but the same arguments were made about WW1 before it happened. Russia still invaded Ukraine despite the west threatening to make it economically disastrous. I think this economic dependency argument is quite weak. War will happen if those starting it think they can come out better off. For the USA/West that has meant keeping any wars away from their domestic economies, but that might not be true for other players who could spark off a global war.
- thfuran 3y agoI'm not saying WWWIII can't happen. I'm saying that if it happened now, it wouldn't be good for the US economy.
- jemmyw 3y agoYou're right, I misread your comment slightly. I'm not sure we can say... if it's a conventional war then it's bound to be bad economically during war time, but there was a massive bounce for the US after WW2, could the same happen again?
- voisin 3y agoHow do we know what will happen if we empower the vast majority of the population to have economic access to take risks, like starting businesses? When people are kept at the margin and financially unstable, that certainly has a major chilling effect on the economy.