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35min chapter
Europe, Immigration, and Taiwan
"Econ 102" with Noah Smith and Erik Torenberg
Taxation, Government Spending, and Economic Development
The chapter covers discussions on taxation restructuring, including the implementation of value-added tax (VAT) and the potential elimination of state income taxes. It also delves into effective government spending, focusing on infrastructure and research investments, as well as the impact of AI on the chip industry. Additionally, the chapter explores economic development challenges, such as the classification of manufacturing and services jobs, agglomeration effects, and the need for diversification in industries like the chip sector.
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