[sgbuffett]

[sgbuffett]

US build the greatest service exports in the world....Netflix, Hollywood, Facebook, YouTube, Google Cloud, Adobe, Windows....


The most creative and innovative economy in the world does not need to make shoes, t shirts, toasters and ovens.

Itsbmain problem is the wealth generated is jnevenly distributed as it has a big. Income gap.  They need to reduce this

[Ineedhelp]

I think we just need to change how companies report their profit. Manufacturing must report profit at point of production. All parts of value chain to report the profit at residence of production, ie if designed in USA the profit share recognised in USA. For service industry, point of profit recognition at consumption of services. Respective country tax to apply. This will prevent tax eviction to tax havens.

But no country will agree to this. Lol

[revealer]

What LKY talked about is economics and will always work in an orderly World when there is no trade conflicts and wars and everyone respects each other’s rights such as propriety and intellectual rights etc.  Presently,  things have gone awry and there is a trade war going on because the US cannot accept to see their trade deficits kept growing.  Something has to b done to help the US reduce tt deficits but countries r not doing so although the US have made such appeals b4. So comes the tariff war. Everyone knows war is never the answer but it happened b4 and will happen again and again.

[revealer]

This is the advice by World Bsnk chief Ecomomist

He said his advice to developing countries was to quickly and urgently negotiate agreements with the U.S. to lower their own tariff rates and avert high U.S. tariffs, and to extend lower tariff rates to other countries.
Doing so now made sense, with U.S. pressure potentially easing domestic resistance. World Bank modeling showed that such moves could boost growth substantially, Gill said.

https://www.reuters.com/markets/world-ba...025-04-25/