Governments around the world plan to encumber their societies with further twists to the failed tax policies that constrain their economies. Outcome: exit from the Corvid-19 pandemic will further reduce productivity. The land-driven boom is on course for the bust when house prices peak in 2026. Post-pandemic reactions in the markets will aggravate the trend. Investors will minimise risk by placing money in rent-generating assets rather than job-creating enterprises. People who suffered most from the virus will endure downward pressure on incomes. And the global trading system enters a hazardous future.
A democratic mandate is needed to empower governments to challenge vested interests and muster the courage to restructure the financial system. Do you agree with our 10 theses? Add your vote to the Cheating Index.