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Who's really crashing the economy? Ha-Joon Chang

Making Money

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Taxation and Societal Well-Being

This chapter examines the effectiveness of taxation beyond mere revenue generation, using Paraguay to illustrate how low tax rates do not automatically attract investment. The discussion highlights the significance of tax spending in achieving societal goals, contrasting the UK’s approach with successful models from countries like Finland. It advocates for a holistic view of taxation, addressing issues of wealth inequality and the importance of community resources in enhancing individual productivity and well-being.

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