Western governments take 50% of citizens' money through taxes and fees, making government a more expensive input in Western countries than in China; combined with expensive energy, labor, and capital, the West cannot compete with China on cost.
factualpending
Speaker
Louie VivianoEvidence Quote
“our welfare states are very expensive uh in most OECD country the governments take 50% of your money if not more one way or the other um so if we have governments that are much more expensive energy that's much more expensive and labor that's much more expensive and capital that's much more expensive how do we catch up”
Source
Louis-Vincent Gave: The Dollar’s Breaking? China’s Winning? The End of U.S. Dominance?— WealthionCreated: 8/11/2026, 6:49:36 AM
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