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The US is solvent either way because it is sovereign in its own currency. It cannot physically run out of dollars. The low corporate tax rates do not hamper th
by crdoconnor 12y ago
The US is solvent either way because it is sovereign in its own currency. It cannot physically run out of dollars.
The low corporate tax rates do not hamper the government's ability to spend, but they are inflationary (in a limited sense). The price of investment goods (property, shares, etc.) is driven way, way way way way up because most of the dividends are simply reinvested.
It drives up wealth inequality as well.