General Discussion
In reply to the discussion: NYT 2009 American workers are overpaid. Gap must close. Happening now. Thanks, Obama. [View all]Hoyt
(54,770 posts)it to be. I don't pretend to understand all the ramifications, but there are people who do (within the limits of predicting economic results).
Here's an example of just how complicated it is:
http://www.taxpolicycenter.org/briefing-book/key-elements/international/competition.cfm
In fact, our economic system and tax system is extremely complicated. We'll probably be better off long-term to just blow it all up and start over -- staking out our own little patch of land, growing our own food, decontaminating our own water, etc. But the decades until things stabilize will be hell, not unlike the Great Depression, although it will seem worse.
Maybe we'd be better off if the government ran everything. Of course, then you have to have people who will follow, and hope the rulers at any given time are sensible and compassionate. Not much chance of any of that.