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by hgsgm 1216 days ago
The government can raise taxes from Al the people who aren't wasting money on shoes to pay for all that extra industry that they want to subsidize.

In no way is being poorer the solution to not being able to afford things.

1 comments

Poor countries are generally bad at collecting taxes,[1] and what little is collected is at risk of being pocketed by officials due to higher levels of corruption.[2] Subsidies may also fall afoul of WTO obligations.[3] Besides, Western countries also have anti-dumping regulations that are in practice used to shield domestic industries being damaged by cheaper imports.[4]

1. https://www.brookings.edu/blog/future-development/2015/04/30...

2. https://bigthink.com/technology-innovation/are-poorer-countr...

3. https://www.trade.gov/trade-guide-wto-subsidies

4. https://www.semanticscholar.org/paper/Ten-Years-of-Anti-dump...