US
Distinguishing between capital-driven, consumption-driven trade deficits is key
Devaluing country may not see any change in real output but will experience rise in inflation
Protective tariffs hurt traders, consumers, producers as well as economic growth
If rich are taxed too much, they will flee for favourable pastures and not pay any taxes
Flat tax plan will dramatically change taxation structure by aligning incentives
Economic liberalisation, rising incomes stimulate Delhi’s rapid growth
Pakistan needs pro-growth policies such as tax cuts, freer trade, minimal regulations
29% corporate and 10% super tax for companies discourages investment
Interest payments exceed govt’s tax revenues – a recipe for default, economic meltdown
Countries taking IMF funds are compelled to follow economically destructive fiscal, monetary policies