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by colincooke
477 days ago
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Again please read my post carefully. There is a valid critique of overhead rates, but simply doing it suddenly in this manner has little added economic benefit in the long run, while ruining lives and creating waste/chaos in the short run. You can make a strong argument these institutions require reform, but such reform should be done not overnight, and not through such broad strokes. |
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The kind of reform you are talking about does not work against quasi-government organizations with the GDP of small countries.
It'll be held up in courts for 50 years, and even then it'll be a game of whack a mole.
There's a reason things got so bad.