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Replying to Avatar graycat

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.

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Emiliano ZAPata 2y ago

Good points. We shall see. The system is broken. He’s a trailblazer.

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