
Ep. 251 - Debate: Monarchy vs Democracy
The Local Maximum with Max Sklar
00:00
Is There an Incentive in Monarchy to Keep the Peasants Down?
The best policies for taxing a laugh or curve is pretty much the perfect tax rate. If you tax too little, the government will make less revenue. And democracies do that. So what we currently have, which is a democratic oligarchy, I think we all agree on that definition,. We have ademocratic oligarchy now. They kind of do that, but they don't have great incentive to even let us have economic prosperity. China, the CCP, which is socialist, but they're smart. They're allowing economic freedom to lift people up and they take a lot of taxes, but they let them have economic freedom to run their businesses. The US politicians are a little dumber. so
Transcript
Play full episode