'To discourage the foreign reserve accumulation that supposedly drives the U.S. trade deficit, the thinking goes, Washington should impose a tax on foreign governments’ holdings of Treasurys. Make no mistake, such a capital tax would be a default.' www.wsj.com/opinion/an-e... - ThreadSky | a Reddit-style client for Bluesky

jessefelder.bsky.social • 24 days ago

'To discourage the foreign reserve accumulation that supposedly drives the U.S. trade deficit, the thinking goes, Washington should impose a tax on foreign governments’ holdings of Treasurys. Make no mistake, such a capital tax would be a default.' https://www.wsj.com/opinion/an-even-dumber-idea-than-tariffs-treasurys-economy-policy-ab1834c3?mod=opinion_trendingnow_article_pos2

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