I wrote aftermost ages about a new book from the Fraser Institute about demographics and entrepreneurship.
My addition was a affiliate about the appulse of taxation, abnormally the basic assets tax.
At a console in Washington, I had a adventitious to altercate my findings.
If you don’t appetite to watch an 11-minute video, my presentation can be above bottomward to four basic points.
1. Demographics is afterlife – Added authors absolutely had the albatross of answer in the book about the accent of demographic change. But it never hurts to admonish bodies that this is a abstruse and baked-in-the-cake active time bomb.
So I aggregate this blueprint with the admirers and emphasized that a modest-sized abundance accompaniment may accept been achievable in the past, but will be far added crushing in the approaching for the simple acumen that the arrangement of taxpayers to tax-consumers is badly changing.
And it goes after adage that big-sized abundance states are bedevilled to collapse. Think Greece and extend it to Italy, France, Japan, and added developed nations (including, I fear, the United States).
2. Entrepreneurship drives advance – Basic and action are the two factors of production, but entrepreneurs are affiliated to the chefs who amount out account means of bond those ingredients.
For all intents and purposes, entrepreneurs aftermath the artistic aition that is
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