Taxation is Theft, But If You Hate It, You Hate Children
In other words, the IMF is complaining that the Trump administration is not stealing enough from people. It's bad for the kind of business the IMF thrives on, the business of coercion.
If you have an economy that derives its strength from stealing from others, then ponder this, what kind of economy do you have, and why should anyone want to perpetuate it?
The IMF Warns Trump's Tax Cuts Could Trigger a Global 'Race to the Bottom' |
IMF Managing Director Christine Lagarde said the Trump administration’s $1.5 trillion tax cut could prompt other nations to follow suit, fueling a “race to the bottom” that risks hemming in public spending.…“What we are beginning to see already and what is of concern is the beginning of a race to the bottom, where many other policy makers around the world are saying: ‘Well, if you’re going to cut tax and you’re going to have sweet deals with your corporates, I’m going to do the same thing,”’ Lagarde said.
…“You need public money,” she said. “The race to the bottom is not conducive to those investments and to helping prepare the workforce and our societies for this new economy of tomorrow.”
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Read More at NYMag.com Join Paul Gordon as he covers IMF Tax Cries, Assad Hearts Rojava, Quantum Light Power, Free the Airbnb and more on this episode of Headlines You May Have Missed.
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