"Econ 102" with Noah Smith and Erik Torenberg cover image

Europe, Immigration, and Taiwan

"Econ 102" with Noah Smith and Erik Torenberg

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Reforming Taxation and the Chip Industry

This chapter explores proposals for taxation reform, advocating for a shift from state income taxes to property taxes while introducing a value-added tax (VAT). The discussion extends to the government's role in funding successful infrastructure projects and critiques spending inefficiencies. Additionally, it examines the dynamics of the chip industry, including the impact of government initiatives on competition and innovation in manufacturing, particularly with respect to Taiwan and international economic pressures.

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