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>1. Your taxes must go up. This isn't a political thing so much as bottom line math thing. The more they take in revenue from you, the less they have to borrow
by s123412341234 14y ago
>1. Your taxes must go up. This isn't a political thing so much as bottom line math thing. The more they take in revenue from you, the less they have to borrow or print and the longer this whole system keeps going. They can tax the rich at 100% and still not have nearly enough money to service their current debt, let alone the constantly increasing spend.
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What's a Laffer curve?
- anamax 14y ago> What's a Laffer curve? How much will you work if the tax rate is 100%. If you're not working, how much tax will be collected from you? > They can tax the rich at 100% Actually, you can't. If you confiscate assets, you've got assets, not money. And there's no one to buy.