mrstickball said:
That, and the fact that labor mobility and rights are far more lax in Denmark. Like I've been saying: You can raise taxes back to 1960, if you roll regulations back to 1960. Otherwise, if you simply raise taxes, our economy is going to collapse, because there'll be no incentive for local production. |
Maybe it should be? If America doesn't produce anything, and all the raw materials and labour actually come from abroad, America shouldn't BE the richest country. I feel the same about the UK, we don't actually DO anything so why do we have developed status?
America should be rich -> therefore we'll spend like we're rich is never going to permanently fix the economy. After all, economy has to be grounded in real numbers and not spreadsheets.
Raising taxes would be the correction US society needs to realise they are living beyond their means. And yes people are going to get hurt; anyone who's made the decision to be in a fluff job instead of something needed.
