Too anti-Trump for me to get past paragraph 3. For me, Trump was underrated as a president until covid. Now he's overrated, and that's saying something.
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Replying to @Molson_Hart @gsvigruha
IMVHO, a couple of things are straining this country: 1. fiat money 2. a racial integration more difficult than what we achieved before (integration of European whites) 3. social media 4. deindustrialization (and the job loss that came with it)
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Replying to @Molson_Hart
1. genuinely don't know 2. depends. more diverse inflow but also lot of progress since segregation etc. 3. not as impactful as people think 4. for sure + 5. flawed immigration policy (thinks meritocratic but not) 6. anti-entrepreneurship tax/welfare system (cont.)
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Replying to @gsvigruha @Molson_Hart
re 6: Lot's of USA taxes or quasi taxes are ~ flat rate (health care, property taxes). Makes it hard for people to take unpaid time off IMO because you have large constant costs.
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Replying to @gsvigruha
I wouldn’t call property taxes flat rate. Health insurance sort of us. We don’t have VAT. I don’t see what people being able to take unpaid time off has to do with our country’s wellbeing.
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Replying to @Molson_Hart
bad phrasing all over. let me try again. there are taxes you pay on purchase (VAT)/income, and those you always pay (property/healthcare here). i think the second type makes it hard for ppl not to have a stable income which is anti-entrepreneurship.
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Replying to @gsvigruha
You can live in a smaller house or in Texas which has high prop taxes but low property values. As for healthcare, if I weren’t mandated to pay health insurance, my spend would be <5% of what it has been. People will attack me for saying this but healthcare in USA is part of the
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Replying to @Molson_Hart @gsvigruha
Problem. The other big part is people’s diets and lifestyles. Yeah obviously you can’t afford healthcare when you’re obese and diabetic.
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Replying to @Molson_Hart
Sure but then you lose other things. My point is property taxes instead of income/VAT - all other things being equal - less experimentation friendly (in TX or NY). Yeah mandated private healthcare is anti-entrepreneur i think we agree on that.
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Replying to @gsvigruha
Do other countries have higher property taxes? We’re still the most entrepreneurial nation on earth no? To me that says that property taxes aren’t the problem. I don’t even get the sense that declining entrepreneurship is a problem, also I don’t even trust those stats.
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We have a lot of big companies sopping up those entrepreneurial activities. Of course LLC formation is down when brick and mortar retail is dying, you know?
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Replying to @Molson_Hart
Yeah i don't know maybe property taxes is not that big on an issue then. I think the USA is still the most entrepreneurial one but hard to know how policies contribute to that. Like if USA has higher tax+more startups then Singapore you wouldn't say high taxes help startups :)
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Replying to @gsvigruha @Molson_Hart
What i'm trying to say is cross country comparison might not be the best way to answer that question anyway.
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