5 ms·
> To use an extreme example, if I have $1M of expense and zero revenue, no matter how much expense I cut I'm not going to turn a profit as you can't go below ze
by adekok 10y ago
> To use an extreme example, if I have $1M of expense and zero revenue, no matter how much expense I cut I'm not going to turn a profit as you can't go below zero. Conversely, if I have $0 of expense and $1M of revenue, I can continue to increase income by raising revenue
Show me a government with zero revenue, or a government with zero expenses, and I'll believe you.
Until then, it's still nit-picking.
At the scale of governments, expenses == -revenue