All economic development initiatives face an uphill challenge if the underlying macro conditions aren't right. The solution for the UK, the EU and Canada is si

All economic development initiatives face an uphill challenge if the underlying macro conditions aren't right. The solution for the UK, the EU and Canada is simple but politically anathema: cut taxes A 2018 study shows tax increases significantly reduce innovation. A 1% increase in the top marginal income tax rate leads to a 2% reduction in patents and inventors, while a similar increase in corporate taxes causes even larger declines. The study is quite rigorous too: https://www.maximum-progress.com/p/tax-cuts-and-innovation?r=2xrvu https://www.maximum-progress.com/p/tax-cuts-and-innovation?r...