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Super interesting! Do you have any sources


Here is an academic paper describing China's dependence on corporate taxes:

https://www.nber.org/system/files/working_papers/w28051/w280...

Here is a good explainer of the revenue issues and why China can't seem to collect taxes from households:

https://www.youtube.com/watch?v=qMaWegICQHA

In some sense, it's a nice problem to have -- sure you need to massively raise taxes, but you are only collecting 9% of GDP in taxes, so it's just a matter of getting up to the norm for advanced economies. It's not like your spending is out of control and you have to cut tons of social services to balance the budget.

But, it's still a political problem, because people don't like paying more in taxes anymore than they like social spending cuts.

However this decision to raise revenue through the corporate sector rather than taxing households introduces a host of problems by aligning the financial interests of corporations with the state.

So downstream of this taxation issue are many ripples.


Vince staples - norf norf. Very random reference but pleasantly surprised nevertheless.


They flood an industry with funds and let them all compete with each other. Then they back the biggest winner. A command economy usually mandates X units of Y good. This isn’t quite that.


That’s only the first year after that it’s command and control for the vast majority.

Also you take is highly simplistic. Even the small players are command and control. You’re likely just not aware how it works.


Its a pretty big detriment to American thinking that they take cold-war era characterizations of the Russian economy and then apply them to 2025 China.

The current Chinese worries are about having too much competition rather than too little, Google "involution" to read about it.


work with china every day.


Huge plus one


Windsurf. The context awareness is superior compared to cursor. It falls over less and is better at retrieving relevant snippets of code. The premium plan is cheaper too, which is a nice touch.


Yes please


Here you go. Hope you see this before it gets snapped up

https://kagi.com/p/TREATEE2F6493


disclaimer: No relation. Adding to this clearspace app. Kicks you out of your current at after a selected amount of time. Takes time to load the app in, really good jolt to the brain. Although the apps SSO is buggy af, and it glitches out sometimes.


If I recall correctly, they have been trending upwards for the the past 100 years (up 30 points but I doubt the average person was clinically retarded) and only relatively recently has started to show a slight decline. IQ tests from 100 years ago are still pretty valid, they use military tests I believe. Double check that.


+1


Dc down!!!


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