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You’d think so, but, actually the opposite. Tax collection pays the interest on the debt. Higher taxes means more debt load. The government, like any modern p
by jl2718 5y ago
You’d think so, but, actually the opposite.
Tax collection pays the interest on the debt. Higher taxes means more debt load.
The government, like any modern public company, does not care about profit. They operate to maximize cash flow. Income is from taxes, but most cash flow comes from debt leveraged on that income. More income, more debt. Less income, less debt.