Income will rise rapidly and become one of the main engines of economic progress in the world. To do this, the markets must be liberalized and trade barriers removed.
Companies should be able to source anywhere, manufacture anywhere, and sell anywhere. Free trade and free competition are essential if the standard of living is to increase.
Countries should recognize that what is good for their neighbors is good for them too.
In order for free trade and competition to occur, tax systems do not discriminate against goods and services, people and capital.
Similarly, corporate taxes can distort the location and structure of production through their impact on the cost of capital.