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I’m sure that’s definitely part of it, but there’s lots more stuff to it. I’d say the “where to register your ship” question is the category of “complicated” -
by xp84 2y ago
I’m sure that’s definitely part of it, but there’s lots more stuff to it.
I’d say the “where to register your ship” question is the category of “complicated” - since obviously if we lowered our taxes to be as low as Panama then we’d get more registrations which sounds good - and “low tax” is better than the “zero” taxes we get from them now, but then the other country would just undercut that, and so on, and now nobody can get any tax revenue anymore.
It’s why the global economy doesn’t lend itself to simple sound bite answers like “just build American ships” or “just raise/lower tariffs” etc.
It’s too bad no one on any ballot seems to do anything but useless grandstanding, when it comes to actual problems like this.