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Don’t eat the seed corn, Jim : Comments
By Graham Young, published 24/7/2025Capital is the seed corn of future prosperity – tax it too heavily, and you discourage people from planting at all.
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We have deliberately torched our manufacturing base. The graphs leave no doubt. Our banks have switched from investing capital in businesses, to backing the real-estate bubble. Dr Jim's Roundtable is carefully-vetted theatrics, for comfy rent-seekers. Little will change.