As economic historian Larry Neal whatsapp phone number list puts it, the Industrial Revolution "came precisely during and as a consequence of the Napoleonic wars" of the late eighteenth and early nineteenth centuries . Since then, states whatsapp phone number list have progressively increased in size. As the British weekly article explains, The maximum rate of income tax in France in 1914 was zero; a year after the end of the war it was 50%. Canada introduced income tax in 1917 as a "temporary" measure to finance the war. During World War II, income tax changed from a "class tax" to a "mass tax," increasing its contribution base from seven million people whatsapp phone number list in 1940 to 42 million in 1945. It is also very possible that.
A the process of whatsapp phone number list deglobalization that we have been experiencing for a few years (with trade and tariff wars, a trend towards protectionism, populist right-wing parties opposed to international trade and whatsapp phone number list trade agreements) will continue its course. In the short and medium term, the countries will prioritize self-sufficiency and national production, especially of raw materials. We will forget about budget deficits and debt levels for a while. The question “how do you pay for this?” it is whatsapp phone number list legitimate, but there will be greater concerns and many States will simply respond in a tautological way.
Paying themselves. Because, really, you whatsapp phone number list can pay; the real problem is that the price will be high. The supporters of the Modern Monetary Theory ( mmt , for its acronym in English), which suggests that the States that whatsapp phone number list own their own currency should not impose budget restrictions or worry about spending more than they earn through taxes (since they are mainly financed by through the issuance whatsapp phone number list of debt), they see today how the States follow their recommendations.