The US could maintain current welfare state dysfunction and simply add a 3-4% value-added tax, which would solve the fiscal problem without requiring austerity or drastic measures.
normativepending
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John CochraneEvidence Quote
“In the US you could keep the current dysfunction and add like a three or four percent value-added tax. Bingo, problem done.”
Created: 8/12/2026, 6:10:20 PM
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