graycat on Nostr: If he’s wise enough to realize taxes are creating deadweight losses, why is he ...
If he’s wise enough to realize taxes are creating deadweight losses, why is he eliminating them only for technology-producing businesses and workers? Or, if he must have a government, why not lower taxes for everyone? As it is, his plan amounts to industrial policy, where the government picks winners and losers. I guess turning El Salvador into a “tech hub” will increase his status when meeting with other government leaders, but it’s going to make the world poorer than it would have been had he let the market determine where investments go.
Published at
2023-03-24 10:59:23Event JSON
{
"id": "93f91977c697f4dc947d17f1813609b520d7f14543e4d8acf0901fb303911cc2",
"pubkey": "43ddb32f1094e7b078ca63424de050857d8bd102e3936757d052bf9bb2df3755",
"created_at": 1679655563,
"kind": 1,
"tags": [
[
"e",
"317333deee94906d39689a5b8148791a22d5f734915b8804f9a84dfc0d2fc503"
],
[
"p",
"f48fbcc3c638b52df1cdf1f1f035fd2f6f5e7a8ce92e8509af6d22f42b9a76c1"
]
],
"content": "If he’s wise enough to realize taxes are creating deadweight losses, why is he eliminating them only for technology-producing businesses and workers? Or, if he must have a government, why not lower taxes for everyone? As it is, his plan amounts to industrial policy, where the government picks winners and losers. I guess turning El Salvador into a “tech hub” will increase his status when meeting with other government leaders, but it’s going to make the world poorer than it would have been had he let the market determine where investments go.",
"sig": "c03231e6bcda95456345ef359b4e28ca97bf9b71098f63a5eded98fa075068c002bb41fbd2b908dcc50b30cf074be2347f322fc70f35a77948141d1dae791f68"
}
