Magnus: Fiscal Policy Can Turbo Charge U.S. Dollar

The transcript discusses the use of corporate tax as a tool for Brexit, the rise of protectionism in the US, and the potential for the UK to become a tax haven. It explores the Republican plan for border taxes, the shift from a global rules-based system, and the impact of political shifts and public opinion on policy-making.

What is one of the proposed uses of corporate tax in the UK?

• To fund healthcare improvements

• To increase public spending

• To insulate the UK from economic challenges

• To reduce unemployment

What is a potential consequence for BMW if they manufacture in Mexico?

• Lower production costs

• Subsidies for exports

• Higher import taxes into the US

• Increased sales in the US

What is the Republican plan in the US regarding border taxes?

• To reduce corporate taxes

• To increase taxes on exports

• To introduce taxes on imports and subsidies for exports

• To eliminate all import taxes

How might the proposed fiscal policies affect the US dollar?

• Lead to a new currency

• Cause it to depreciate

• Act as a turbocharger for appreciation

• Have no effect

What is a key characteristic of the current global economic system?

• A rules-based system that is faltering

• Stability and predictability

• Complete isolationism

• Unchanging policies