Sunday, May 29, 2011

Some challenges..

In some sort of priority order:

1. first slow down and then stop global warming

2. stop terrorism and murderous dictators

3. spread democracy and help the developing countries to create sound societies and growth

4. stop over-borrowing in our children’s name and solve the ongoing sovereign debt crisis

5. educate people so that they do not fall for populists

6. find financing for the welfare state in the future when the workforce is radically smaller and elderly population much bigger

7. fight inflation

All of this will cost a lot of money and if it will lead to higher tax on work it will make the situation worse. So the answer must come from better productivity, wider and more just taxation on over-consumption and environmentally unsustainable practices and lower tax on work in many countries.

No comments: