I don't mean to be mean, but I think Mr. Desai is a general-purpose comms employee and he cannot read the semi-academic-econ language used in this note.
He doesn't understand that his link confirms Surowiecki's point rather than offering evidence against it.
If you’re still wondering why the Chinese political establishment was almost certainly rooting for Trump last November, well, surely you have your answer by now. #TARRIFFS
@CarlHPetersonIV In a way Corp tax doesn’t make so much sense as u are taxing shareholders anyway and it’s not really efficient.
But I doubt if they would consider it cuz politics aside it creates loopholes for foreign companies or US MNT foreign subsidiaries (which balances the tax cut in tcja)
We @TaxFoundation estimated Biden’s tax proposals would increase revenue by $3.4 trillion, shrink GDP by 1.6%, and lift tax rates above international norms.
Continuing the TCJA for under $400k and permanently expanding the CTC would use most, if not all, that increased revenue.
I have over 400 hours of experience playing Civilization V. Vladimir Putin should have known that when his national happiness fell below -20 he would start spawning random insurgents. Here’s what he should do next: 🧵(1/?)
Europe is substantially poorer, more racist, less dynamic, and MUCH less free than the US
Food is bland, coffee tastes like shit, the weather is mostly awful, their primary cultural export is tourism, and they have less say in the affairs of the world