an international R&D powerhouse via government and military R&D contracts.
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I would argue you don’t need a higher tax rate for that to happen.
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You have no evidence of that. Significant government and military funding is a foundational part of the creation of Silicon Valley.
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Maybe re-allocating all the budget spent in military interventions abroad while the marginal tax rate was logical?
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Replying to @AleResnik @kimmaicutler and
There is literally only one data point that the “high govt spending leads to innovation” folks rely on and ignore every other instance of high govt spending killing innovation. It is a frustrating debate.
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Replying to @CanadaKaz @AleResnik and
Iran, Cuba, North Korea, Venezuela, Brazil all have high govt spending. Hong Kong doesn’t. The science is settled on this.
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Replying to @CanadaKaz @AleResnik and
Whipping out Venezuela is like the Godwin's law of Internet conversations about the relationship between the market and the state.
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Replying to @kimmaicutler @AleResnik and
Let’s make a deal. I won’t use Venezuela as an example. I admit it is flawed. You don’t use DARPA and Bell Labs era as an example since they are obviously flawed. I volunteer Brazil & France as example of high regulation and taxes killing innovation. What is the counter example?
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Replying to @CanadaKaz @AleResnik and
I think the challenge of comparing the U.S.'s level of innovation/taxation to Europe or Latin America is the conflating factor of it having had the largest contiguous market of middle-class consumers in the world until China.
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Replying to @kimmaicutler @AleResnik and
That the US has such a high middle class and that it has low taxes are correlated.
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largest *contiguous* market meaning if you're an entrepreneur, you get to target a 300M+ person market from Day 1 in the US vs. Europe, which until the EU and even well into today, you have a Balkanized market, which is much more challenging to land grab for founders.
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Replying to @kimmaicutler @AleResnik and
I understand what you are saying. I am saying long periods of low govt regulation and low taxation leads to increased economic growth which leads to increased population through migration and family growth.
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Replying to @CanadaKaz @AleResnik and
assuming we have rational migration policies, both domestically and internationally. :) Our most economically productive parts of the country have the lowest fertility rates right now.
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