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What if (just if) tax cuts make a problem, not a solution? What if we are on the way to coordinated collapse while we all follow the same and faulty (be it libertarian or communist) theory?

What would coordinated tax cuts would solve, compared with non-coordinated tax cuts? Aren't world's economies already under tax cuts steroids for a decade already? How strange it is: the deep crisis happens with the infamous "race to the bottom", while economies were blooming under "punitive" taxes in the 60s.

A concurrent second opinion is posted here.

by das monde on Fri Nov 14th, 2008 at 03:45:09 AM EST

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