Friedberg @ 01:10:24Inconclusive
economygovernment
Over the next decade (2024–2034), U.S. federal spending commitments will drive growing pressure for additional tax revenue, leading to new or expanded tax measures that increasingly target businesses in ways that can unintentionally hurt innovation-driven industries.
it also an illustration of just how hungry we are for tax revenue in this country. You know, it's only going to grow... it really highlights just the challenges that are going to emerge, particularly in the decade ahead, because we have all of the spending that's coming in front of us over the next decade, and how we're going to start to demand more and more tax and all these weird ways that can really hurt industry.View on YouTube
Explanation
The prediction covers a long window — “the decade ahead” from roughly 2024 through 2034. As of now (November 30, 2025), only about a year and a half of that period has elapsed, so it’s too early to judge whether the full claim (sustained, decade‑long pressure leading to increasingly innovation‑distorting business taxes) is right or wrong.
Some early context:
- U.S. federal debt and projected deficits remain high, and official budget projections from bodies like the Congressional Budget Office anticipate continued upward pressure on spending, especially from entitlements and interest costs, which in turn imply pressure for higher revenues over the long term. This is directionally consistent with the motivation behind the prediction, but doesn’t by itself confirm the specific outcome about how new taxes will target innovative businesses.
- There have been ongoing debates and proposals around corporate minimum taxes, digital/service taxes, and higher taxes on large or highly profitable firms in tech and other sectors, but these are incremental and politically contested. It’s not yet clear that we are in a sustained regime where “more and more tax and all these weird ways that can really hurt industry” is definitively the pattern for the remainder of the decade.
Because the claim is (1) medium‑term macro‑fiscal, (2) explicitly about trends over an entire decade, and (3) stated in qualitative terms about how much new tax pressure will hurt innovation‑driven industries, we don’t have enough elapsed time or clear evidence to decisively deem it right or wrong. The appropriate classification as of 2025 is therefore “inconclusive (too early).”