I read recently the total national debt, funded and unfunded liabilities, is around $123 trillion. For the sake of discussion let’s say we voters select candidates who will eliminate ALL taxes, fees and fine, etc ... . Since it appears deficit spending has no detrimental effects on the economy, why have taxes?
I read recently the total national debt, funded and unfunded liabilities, is around $123 trillion. For the sake of discussion let’s say we voters select candidates who will eliminate ALL taxes, fees and fine, etc ... . Since it appears deficit spending has no detrimental effects on the economy, why have taxes?
Absurd you say? Probably, but what would elected officials do with no revenue coming in? Would they continue to spend carte blanche; or might they realize if they are not careful they might create a catastrophe?
Could this be the way to make government be fiscally responsible?
I read recently the total national debt, funded and unfunded liabilities, is around $123 trillion. For the sake of discussion let’s say we voters select candidates who will eliminate ALL taxes, fees and fine, etc ... . Since it appears deficit spending has no detrimental effects on the economy, why have taxes?
Absurd you say? Probably, but what would elected officials do with no revenue coming in? Would they continue to spend carte blanche; or might they realize if they are not careful they might create a catastrophe?
Could this be the way to make government be fiscally responsible?
Just something to chew on.