As you can tell, I don't think much of it. And I endorse Ancient_Hacker's even clearer explanation. The argument is self-serving and devoid of justification.It's stupid to think that somebody is going to turn down a profit-making opportunity because they get to keep only 70% of every dollar rather than 72%.
Homo economicus would turn a profit even if it meant they kept only a single penny from every dollar. Scrap homo economicus (or at least pretend we took TWO semesters of economics rather than going out to play beer pong once you got to "the minimum wage is bad therefore vote Republican") and you have a much more interesting, but harder to manage, field. I think the country is in what an unfortunate President never really called "malaise".
We got addicted to the cheap money of the last two booms, and nobody is rushing to create a new one. (Except for the gold bugs busy lying to each other about the price of gold, and I'll cheer when their miserable little bubble collapses.) I don't think tax changes will fix the economic funk. I think that a new idea will be required.
In the 80s, it was the opening up of Wall Street (which promptly led to a boom, then a massive bust). In the 90s, it was tech. In the 00s, it was housing.
These things got people excited in a way that tinkering with marginal returns never does. PamPerdue 48 months ago.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.