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the response to the financial crisis, and perhaps not enough deficit spending as a response.

the response to the financial crisis, and perhaps not enough deficit spending as a response. YgRQQ

you talked about the response to the financial crisis, and perhaps not enough deficit spending as a response. My question is, are deficit spending and increased taxes on the rich tools that should be used in conjunction? Could you talk about their applications and their uses together or alone? Okay, let me give you. . . I've been trying to figure out how should we pay for a progressive agenda. Put it that way. There's a bunch of things we should be doing, we should be clearly spending quite a lot more, especially on children, and we need to be spending on infrastructure, and there's a whole bunch of things. We're talking significant amounts of money, and I would say that basically anything that can be reasonably considered to be an investment in the future, it's okay to finance with deficits. Real interest costs for the US are very, very low. Interest rate is below the growth rate of the economy. You've got people like Olivier Blanchard and Larry Summers saying that deficit fears have been vastly overblown. I think we are in a situation where we shouldn't be worrying much about deficits. However, that doesn't mean that you can completely blow it away. And so pieces of that program that would require sustained spending and are really more about social justice than about crime law stuff, that's both investment and social justice. But there's also a fair bit of stuff, that's just social justice. And I would say that you want to pay for the social justice parts by higher taxes on the rich. So that the two go in conjunction, I would say both some increase in or better-targeted deficit spending, because we're doing a lot of deficit spending right now, but if it were running deficits, to pay for stock buybacks, but a combination of deficit spending on investment, and taxing the wealthy to pay for social programs is the way I would go. Will you talked about the intersection of trade and corporate taxes and tax avoidance? It seems like we are in an endless game of whack a mole with a very inadequate hammer. And I want to understand what the whole picture needs to look like if you could design it. Okay, corporate tax avoidance by profit shifting to tax havens, is a significant thing, although, it's not a 100%. Because if the ability to globalize where profits are reported was unlimited, then we wouldn't have seen a decline in corporate tax receipts after the Trump tax cut. So obviously, corporate taxes were collecting a significant amount of money despite all of that. But to the extent, it is an issue. Look, it's a handful of small countries where this stuff is being, where profits are realized. We' really are talking, Ireland, Luxembourg, and then the financial industry is the British Virgin Islands, that sort of thing. The major economies have got plenty of leverage to force those tax havens to shut down. If we had a coordinated move on the part of the G7 to say this must stop. it would not be at all hard to do it. So you just need an agreement. You need to have progressive governments and enough of the major economies, actually to a large extent. I think basically, if the British and ourselves, I think the Germans and the French would go along, were to say we're going to have a crackdown on the tax havens that would do it. Even starting to move a little bit in that direction. So, it's one of those problems that is not hard technically, it's a political thing. If widespread tax avoidance through international tax havens persists, it's because interest groups within the advanced countries want them to persist. And the moment we decide that's not going to happen it will stop happening, It's just an easy problem to solve with the right leadership

This sentence does not start with an uppercase letterYou
you
 talked about the response to the financial crisis, and perhaps not This phrase/word is too simple and can be replaced with:abundance
enough
You use this word too often, consider replacing it withlossshortfall
deficit
You use this word too often, consider replacing it withusewasteconsumegiveinvestcontribute
spending
 as a response. My question is, are You use this word too often, consider replacing it withlossshortfall
deficit
You use this word too often, consider replacing it withusewasteconsumegiveinvestcontribute
spending
 and increased You use this word too often, consider replacing it withdutylevyfinepriceratecost
taxes
 on the rich tools that should be This phrase/word (depending on the context) can be potentially replaced with :exploited
used
 in conjunction? Could you talk about their applications and their This phrase/word (depending on the context) can be potentially replaced with :exploits
uses
 together or alone?

Okay, This phrase/word (depending on the context) can be potentially replaced with :authorize
let
 me give you. Don't put a space before the full stop.
.
Don't put a space before the full stop.
.
 I've been trying to figure out how should we You use this word too often, consider replacing it withsalarywagefeereimbursementprofitstipend
pay
 for a progressive agenda. Put it that way. There's a bunch of things we should be doing, we should be clearly
You use this word too often, consider replacing it withusewasteconsumegiveinvestcontribute
spending
 quite a lot more, especially
 on children, and we You use this word too often, consider replacing it withuserightwishcommitmentdemandobligation
need
 to be You use this word too often, consider replacing it withusewasteconsumegiveinvestcontribute
spending
 on infrastructure, and there's a Consider using "bunch".bunch
whole bunch
 of things. We're talking significant amounts of money, and I would say that basically
 anything that can be reasonably
 considered to be an investment in the future, You use this word too often, consider replacing it withattractivenessallureappealinterest
it's
 okay to finance with You use this word too often, consider replacing it withlossshortfall
deficits
. Real interest costs for the US are This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
, This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
 low. Interest rate is below the growth rate of the economy. You've This phrase/word (depending on the context) can be potentially replaced with :acquired
got
This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 like Olivier Blanchard and Larry Summers saying that You use this word too often, consider replacing it withlossshortfall
deficit
 fears have been vastly
 overblown. I This phrase/word (depending on the context) can be potentially replaced with :reckonassumebelieveconsider
think
 we are in a situation where we shouldn't be worrying much about You use this word too often, consider replacing it withlossshortfall
deficits
. However
, that doesn't mean that you can completely blow it away. And This phrase/word is too simple and can be replaced with:consequently
so
 pieces of that program that would require sustained You use this word too often, consider replacing it withusewasteconsumegiveinvestcontribute
spending
 and are really
 more about You use this word too often, consider replacing it withcivilcommunal
social
You use this word too often, consider replacing it withrighthonestyauthoritytruthlawintegrity
justice
 than about crime law stuff, that's both investment and You use this word too often, consider replacing it withcivilcommunal
social
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justice
. This phrase/word is too simple and can be replaced with:on the contrary
But
 there's also
 a This phrase/word (depending on the context) can be potentially replaced with :equitable
fair
 bit of stuff, that's This phrase/word is too simple and can be replaced with:merely
just
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social
You use this word too often, consider replacing it withrighthonestyauthoritytruthlawintegrity
justice
. And I would say that you want to You use this word too often, consider replacing it withsalarywagefeereimbursementprofitstipend
pay
 for the You use this word too often, consider replacing it withcivilcommunal
social
You use this word too often, consider replacing it withrighthonestyauthoritytruthlawintegrity
justice
 parts by higher You use this word too often, consider replacing it withdutylevyfinepriceratecost
taxes
 on the rich. This phrase/word is too simple and can be replaced with:consequently
So
 that the two go in conjunction, I would say both This phrase/word is too simple and can be replaced with:a number of
some
 increase in or better-targeted You use this word too often, consider replacing it withlossshortfall
deficit
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spending
, This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 we're doing This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
a lot of
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deficit
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spending
 right This phrase/word (depending on the context) can be potentially replaced with :nowadays
now
, This phrase/word is too simple and can be replaced with:on the contrary
but
 if it were running You use this word too often, consider replacing it withlossshortfall
deficits
, to You use this word too often, consider replacing it withsalarywagefeereimbursementprofitstipend
pay
 for stock buybacks, This phrase/word is too simple and can be replaced with:on the contrary
but
 a combination of You use this word too often, consider replacing it withlossshortfall
deficit
You use this word too often, consider replacing it withusewasteconsumegiveinvestcontribute
spending
 on investment, and taxing the wealthy to You use this word too often, consider replacing it withsalarywagefeereimbursementprofitstipend
pay
 for You use this word too often, consider replacing it withcivilcommunal
social
 programs is the way I would go.

Will you talked about the intersection of trade and You use this word too often, consider replacing it withjointcollective
corporate
You use this word too often, consider replacing it withdutylevyfinepriceratecost
taxes
 and You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
 avoidance? It seems like we are in an endless game of whack a mole with a This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
 inadequate hammer. And I want to understand what the whole picture You use this word too often, consider replacing it withuserightwishcommitmentdemandobligation
needs
 to look like if you could design it.

Okay, You use this word too often, consider replacing it withjointcollective
corporate
You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
 avoidance by profit shifting to You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
You use this word too often, consider replacing it withshelterasylumsanctuaryretreat
havens
, is a significant thing, although, You use this word too often, consider replacing it withattractivenessallureappealinterest
it's
 not a 100%. This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
Because
 if the ability to globalize where profits are reported
was unlimited
, then we wouldn't have This phrase/word (depending on the context) can be potentially replaced with :witnessed
seen
 a decline in You use this word too often, consider replacing it withjointcollective
corporate
You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
 receipts after the Trump You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
This phrase/word (depending on the context) can be potentially replaced with :minimize
cut
. This phrase/word is too simple and can be replaced with:consequently
So
obviously
, You use this word too often, consider replacing it withjointcollective
corporate
You use this word too often, consider replacing it withdutylevyfinepriceratecost
taxes
 were collecting a significant amount of money despite all of that. This phrase/word is too simple and can be replaced with:on the contrary
But
 to the extent, it is an issue. Look, You use this word too often, consider replacing it withattractivenessallureappealinterest
it's
 a handful of This phrase/word is too simple and can be replaced with:tiny
small
 countries where this stuff is being, where profits are realized
. We' really
 are talking, Ireland, Luxembourg, and then the financial industry is the British Virgin Islands, that sort of thing. The major economies have This phrase/word (depending on the context) can be potentially replaced with :acquired
got
This phrase/word is too simple and can be replaced with:abundance
plenty
 of leverage to force those You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
You use this word too often, consider replacing it withshelterasylumsanctuaryretreat
havens
 to shut down. “If” at the beginning of a sentence usually requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
If
 we had a coordinated This phrase/word (depending on the context) can be potentially replaced with :relocate
move
 on the part of the G7 to say this This phrase/word (depending on the context) can be potentially replaced with :require
must
This phrase/word (depending on the context) can be potentially replaced with :terminateceasediscontinue
stop
. This sentence does not start with an uppercase letterIt
it
 would not be at all This phrase/word (depending on the context) can be potentially replaced with :arduous
hard
 to do it. This phrase/word is too simple and can be replaced with:consequently
So
 you This phrase/word is too simple and can be replaced with:merely
just
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need
 an agreement. You You use this word too often, consider replacing it withuserightwishcommitmentdemandobligation
need
 to have progressive This phrase/word (depending on the context) can be potentially replaced with :national authoritiespublic authorities
governments
 and This phrase/word is too simple and can be replaced with:abundance
enough
 of the major economies, actually to a large extent. I This phrase/word (depending on the context) can be potentially replaced with :reckonassumebelieveconsider
think
basically
, if the British and ourselves, I This phrase/word (depending on the context) can be potentially replaced with :reckonassumebelieveconsider
think
 the Germans and the French would go along, were to say we're going to have a crackdown on the You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
You use this word too often, consider replacing it withshelterasylumsanctuaryretreat
havens
 that would do it. Even starting to This phrase/word (depending on the context) can be potentially replaced with :relocate
move
 a Reduce redundancy by using "little" or "bit".littlebit
little bit
 in that direction. This phrase/word is too simple and can be replaced with:consequently
So
, You use this word too often, consider replacing it withattractivenessallureappealinterest
it's
 one of those problems that is
 not This phrase/word (depending on the context) can be potentially replaced with :arduous
hard
technically
, You use this word too often, consider replacing it withattractivenessallureappealinterest
it's
 a political thing. If widespread You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
 avoidance through international You use this word too often, consider replacing it withdutylevyfinepriceratecost
tax
You use this word too often, consider replacing it withshelterasylumsanctuaryretreat
havens
 persists, You use this word too often, consider replacing it withattractivenessallureappealinterest
it's
This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 interest groups within the advanced countries want them to persist. And the moment we decide that's not going to happen it will This phrase/word (depending on the context) can be potentially replaced with :terminateceasediscontinue
stop
 happening, You use this word too often, consider replacing it withattractivenessallureappealinterest
It's
This phrase/word is too simple and can be replaced with:merely
just
 an easy problem to solve with the right Please add a punctuation mark at the end of paragraphleadership.leadership!leadership?leadership:leadership,leadership;
leadership