Rich countries can afford to overpay for things.
China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population.
I find that whenever I am in power, or my father was in power, somehow good things happen. The economy picks up, we have good rains, water comes, people have crops. I think the reason this happens is that we want to give love and we receive love.
In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That’s quite clear.
Unemployment rates among Americans who never went to college are about double that of those who have a postsecondary education.
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