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The money quote: In other words, the only way for a country to become wealthy is for its citizens to create goods and services the rest of the world wants to buy. That's what resource-poor Taiwan and Japan have done and what nanny state Argentina has failed to do since the 1930's. Trying to...

New York City is not and never has been socialist but it's about to be under self-proclaimed democratic socialist Zohran Mamdani, America's answer to Juan Peron and "Justicialismo."

I'm a U.S. citizen originally from the Left Coast. Fact is I'm happy Mamdani won by promising a lot of free stuff that will be paid for by other people's money, which New York City has plenty of. It's about time socialism was tried somewhere where it has half a chance of working. Russia and...

You're confusing socialists with communists.

I like it fine because it's true. Milei is probably enticing wealthy New Yorkers to come to Argentina so he'll have enough other people's money to muddle thru Argentina's transformation from nanny state to successful capitalist economy like Taiwan's.

I have a house in Japan where I live part-time and I beg to differ. When I first went to the local city government office to learn how to pay my property taxes the head of the tax office walked several blocks with me to the local Post Office and showed me how to pay my tax bill in person, then...

I spent several months in Argentina in 1996 studying Spanish and getting to know how things worked before deciding to expatriate to Taiwan instead. It was clear even then that Argentina's free money system would never work because it lacked enough other people's money to make it work and...

That's good because socialism only works if there's enough other people's money to pay for all those free things Mamdani promised.

Once New Havana City is up and running this time might be different.

It's often been said that Mamdani-Leninism didn't fail. It's just never been tried. That's because Russia is the last place Mamdani-Leninism should have been rolled out because there's just not enough other people's money there to ever make it work. Manhattan is where M-L should have been tried...

The 'Other People's Money' visa has a nice ring to it.

What nobody in Argentina seems to get is that government doesn't create wealth. Individuals like Jensen Huang, Morris Chang, and Elon Musk create the goods and services that make a country wealthy. Biden printed the money he gave out. That's why it was inflationary. Taiwan is returning tax...

(Light at the end of the tunnel :::::) Meanwhile here in Taiwan the annual inflation rate is 1.25%, national health insurance for my family costs US$60 a month and the government is giving every man, woman, and child US$323 cash this week because it's got more money than it needs. Point being...

Speaking of debt the national debt of the U.S. just reached $38 trillion and it only took 71 days to go from $37 trillion to $38 trillion, a new peacetime record.

I spent several months total in Argentina and Taiwan in 1996 deciding which one to emigrate to from the U.S. I chose Taiwan and have been living here since 1998. Long time permanent resident and business owner now. Bottom line is everything that is wrong with the government and economy in...

I think the main ingredients in Ireland's economic success are its 12.5% corporate tax rate and its membership in the EU which makes it attractive to multinationals seeking to establish a European base. Not sure if there are any lessons there for Argentina to emulate.

The government debt to GDP ratio here in Taiwan is 24.9% as of June 2025. The government is so flush with cash it's giving $325 cash to every citizen and permanent resident this month. That's on an island with virtually no natural resources but the entrepreneurial spirit of its people and a...

TSMC didn't seek US funding. The US asked TSMC to build a cutting edge semiconductor fab in Arizona even though TSMC's founder, Morris Chang, says he doubts it will succeed. https://asiatimes.com/2021/04/tsmc-founder-doubts-us-competence-in-chip-making/...

The Taiwan government is great. It's created a business-friendly, low tax environment that's made doing business in Taiwan efficient, profitable, and predictable in the 25 years I've been doing business there. Every time I have reason to interact with some government entity I marvel at how...