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2019-12-06

Globalism Can Work With a Global Totalitarian Govt

Caixin: Opinion: Time for a Global Rethink on Taxation
If you are a citizen of a country, should you only pay taxes on the income you earn within that country’s geographical limits, or on all the money you earn, independent of location? The United States, Mexico, India, China, and Chile tax global income. Western Europe, Japan, Canada, Peru and Colombia tax territorial income. If the world moved toward global taxation and enhanced some incipient information-sharing mechanisms, the impact on inclusive growth, especially in the developing world, would be very positive.
Globalism creates a new set of problems, the solutions to which involve destroying nations, whether they care about liberty or not.

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