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It works for Somalia, I'm sure we can all strive to get to that level one day.

• jmclnx 2y ago
  This is my expectation if this is signed by the orange idiot.
• joecool1029 2y ago
  I upvoted because you were downvoted and I suspect most of HN thinks you are kidding (maybe you are or aren't, please do explain), but it appears like it was only last year they enacted a similar policy: https://somalipublicagenda.org/wp-content/uploads/2024/11/SPA_Policy_Paper_08_2024_ENGLISH1.pdf https://somalipublicagenda.org/wp-content/uploads/2024/11/SP... The US also cancelled a large amount of their debt (previously 96% of the country's GDP was going toward servicing it): https://www.theguardian.com/global-development/2024/nov/06/somalia-debt-relief-us-cancels-billion-dollar-loans-hipc https://www.theguardian.com/global-development/2024/nov/06/s... I don't have any opinion but I do have thoughts about how the US is operating on a very different scale (who will cancel our debt, and at that scale does it matter?).
  • gigel82 2y ago
    It was tongue-in-cheek but not kidding. Somalia is on a list of only 16 countries in the world without an income tax, all the others have a single industry generating most of the income for the population (tourism or oil).
• throw16180339 2y ago
  That's apparently what the majority of the country wants.