r&d tax credit is very common. But that's not what you're advocating. Instead of direct r&d tax credit you are advocating not taxing parts of wealth and you are HOPING that beneficiaries will use that for R&D !!
Instead just provide direct tax credit for r&d . Simple.
see, now you are already talking about drastically reduced economic activity ! similar to construction industry crashing, each industry that makes anything 'tangible' will crash. you will go from 3rd world to abyssimal economy !
exactly what happens when communism or socialism is implemented...
i understand what you say. I am trying to point out some aspects that can and will go terribly wrong in that approach.
FOr example, there will be lot fewer houses built. DO you think the construction/cement, steel rod etc factory workers thus driven out of job will instead go to work on ChatGPT...
aha! that makes sense. they thought it'd bring down only Imran Khan but their own thievery also got aired. So now they have to shut it all all down in a hurry. Everyone including Imran Khan escapes!
trusting fake news is one thing but shutting down all your common sense is unpardonable.
Only way for Pakistan to have avoided drone strikes on its own people was for its military to have not provided strike coordinates to the USA.
As always, Pak military thought they were smart and use this...
the chart simply shows the trend.
My question is how do you go from there to asserting you can affect this by taxation?
And more importantly how do expect to run a decent country by taxing less than 10% of its economic activity if 90% of it is tax free?
Do intend this to be on income or wealth...
this makes no sense.
just like the old communists and socialists say dumb things like "to everyone their need and from everyone, their might". It is a race to bottom where everyone ends up being poor.
R&D requires brains, among other things. Somebody who takes up R&D as a tax / zakat avoidance...
don't worry, China isn't going to crumble in spite of Xi Jingpingdingming fiasco, so no need for you to go on overdrive defence,
Use this time to come up with succinct new words in Chinese for things like friendshoring.
Most of this is restatement of the obvious but the summary is good. Indeed US has benefitted significantly with much higher influence in Europe both via energy and by decimating Russian influence there.
But not just due to ukrain war; some of it has been Xi Jingpingdingming shooting himself in...
why is everyone against this? seems like a good idea. The land is barren, your army has nothing to do, so might as well use them to make something of the land.