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    Nicole Parsons (npars01@mstdn.social)'s status on Friday, 17-Jan-2025 08:50:56 JSTNicole ParsonsNicole Parsons
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    https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp

    https://en.m.wikipedia.org/wiki/Beggar_thy_neighbour

    Failing to tax billionaires is a recipe for disaster. The world wars triggered by the Gilded Age provide ample proof.

    Income taxes (progressive) vs consumption taxes (regressive)

    Taxation has international implications as much as a failure to tax appropriately.
    https://en.m.wikipedia.org/wiki/The_Wars_for_Asia,_1911%E2%80%931949

    In conversationabout 4 months ago from mstdn.socialpermalink

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      The Wars for Asia, 1911–1949
      The Wars for Asia 1911–1949 by S. C. M. Paine is a book published in 2012 by Cambridge University Press. The work presents a view of three "nested wars" in early twentieth century East Asia, seen as distinct conflicts which, while carried on simultaneously, had their own welter of cause and dynamic: the Chinese Civil War 1911–1949; the Second Sino-Japanese War 1931–1945; the Second World War 1941–1945. Content summary The principal participants discussed here were Japan, China, and Russia. The first part of Paine's work describes each in terms of their political-economic stance and condition, and their different war aims and strategies. Mention is also made of Germany and the United States. Concerning Japan during this era, its Kwantung Army in 1931 with regard to Manchuria made crucial decisions independently of the central government in Tokyo. Several assassinations of civilian politicians followed; in the end, the army's expansionist policies prevailed. In China a fragile republic which lacked country-wide authority had been founded by Sun Yat-sen. In the late 1920s under Chiang Kai-shek the republic became a national...
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