Subject: No one’s ready for India’s tax overhaul. Maybe that’s OK?
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 26 Jun 2017 05:02:05 -0400 (EDT)

A daily digest of opinions and analysis

When Tax Reform Looks Like an Indian Wedding

One of India’s biggest policy reforms in decades is set to go into effect July 1, and everyone’s in a tizzy: Banks and small businesses are racing to prepare for a new tax regime, while industry groups, state governments, and at least one federal ministry are begging for a postponement. But as the big day looms, and confusion reigns and anxieties mount, Mihir Sharma is reminded of the happy chaos of an Indian wedding: Nothing seems to come together until the last moment, but it all hangs together in the end.

The Ancient Greek Historian Who Might Win America’s Wars

The hottest book in Donald Trump’s inner circle is Thucydides’ “History of the Peloponnesian War,” touted by members of the administration’s straight-laced military faction as well as its anarchic Breitbart wing. But how much insight does a 2,400-year-old Athenian general have into contemporary geopolitics? Tobin Harshaw interviews Fred and Kimberly Kagan — a defense-policy scholar and founder of the Institute for the Study of War, respectively — about the military thinker’s lessons for America.

Trumpmania Cools In This Pennsylvania Town

A Democratic mayor invited Donald Trump to campaign in his town last summer. It seemed like a good idea at the time. One year later, the mayor has lost a primary battle to a 26-year-old political neophyte, and local Trump supporters are feeling defensive. Al Hunt chronicles the shifting political winds in small-town Monessen.

Pro-Immigration? Then Support All Who Came Here.

It’s possible to celebrate newcomers to the U.S. without disparaging the native-born. Not just possible, in fact, but easy. Unfortunately, Virginia Postrel warns, some advocates are being a bit too harsh on long-established Americans, and damaging their own cause in the process.

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Ritholtz’s Reads

Susan Wojcicki has transformed YouTube, and she isn’t done yet (Fast Company)

An explanation of market bubbles that doesn’t blame greed or incompetence (Collaborative Fund)

The bounty hunter of Wall Street: Andrew Left sniffs out corporate fraud, and gets rich doing it. (New York Times)

(Read Barry Ritholtz’s full daily news roundup here.)

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