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I 100% agree with your point in priciple. The problem is reality. Government leaders use this principle to overspend on non-productive causes and create debt pr
by Gustomaximus 10y ago
I 100% agree with your point in priciple. The problem is reality. Government leaders use this principle to overspend on non-productive causes and create debt problems. So end of the day I'd prefer to have a government balancing the budget and leaving some opportunity on the table, rather than the likeyhood debt spent on non-productive causes will become an anchor to future development.
- astrodust 10y agoDealing with the inevitable future where flooding isn't just frequent but perpetual sounds like a pretty good expenditure of money. Either that or start working deals with other states to deal with the inevitable exodus of people and the complete implosion of the tax base.
- stuaxo 10y agoThis is brought up a lot, is there much evidence in the past of exoduses of people due to tax rises ?
- astrodust 10y agoOnly the ultra rich bail on a place because of high taxes. Others have connections they place more value on than an incremental increase in tax. Remember, a lot of these states that are suffering from tax revenue problems have some of the lowest tax rates in the country. Where are people going to flee to? The 49th lowest tax state instead of the 48th?