Sunday, August 14, 2011

Understanding Resilience: Part 4

To maintain or improve the lot of as many people as possible you need a progressive taxation system and some growth. If you lower taxes by too much the finances of the government will become overdependent on the realisation of higher growth rates. As we've seen happen with the policies put in place by the toxic bean-counting duet.

This cannot make Mauritius more resilient for sure.

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