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by mushbino
1736 days ago
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For one, taxes are levied by governments not the free market. China has lifted 800 million out of poverty and wasn't because they all of a sudden decided to collectively pull their bootstraps. The free market is what doesn't alleviate poverty, quite the opposite. https://www.worldbank.org/en/country/china/overview |
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The disconnect in what you are implying here is astounding.
China elevated massive numbers of people out of poverty precisely because they turned violently capitalistic and entrepreneurial when it comes to business, far more so than likely any other society on the planet. The main decision their government made was to get the heck out of the way.
I can understand that people who might not do business directly with Chinese companies likely lack an understanding of what things look like. Well, I do, have been for decades. I am sad to say doing business with Chinese companies can be massively easier than with US companies. The entrepreneurial spirit and drive in China is incredibly strong and refreshing to watch. You actually want to do business with them because they want to get things done.
If you think government has the power to raise 800 million people out of poverty in complete isolation of a massive step change in business activity you don't have even the most fundamental understanding of economics.
This is one of the most perplexing things I continue to experience on HN. This is a Y-combinator related forum. You'd think people voicing opinions here would have a modicum of business and economics chops. You'd think that, at the very least, they would devote a bit of time to doing simple math before forming opinions. And yet, what you see here time and time again are comments such as yours, which reveal a deep disconnect between even the most basic understanding of how the world operates and the importance of business.