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> If the population doesn't pay, who does? Like in most countries, including the US, budget deficit is paid with debt, and increase in taxes. That is the probl
by antr 12y ago
> If the population doesn't pay, who does?
Like in most countries, including the US, budget deficit is paid with debt, and increase in taxes. That is the problem. The solution here is to uncover the underground economy, make them pay taxes (at reasonable rates), although this is no silver bullet.
- lazylizard 12y agoabout collecting taxes to pay for stuff..isn't it far easier to print new money than to collect old money back?
- antr 12y agoNot the best solution[0] but it's what happened[1]. [0] http://www.businessinsider.com/worst-hyperinflation-episodes-in-history-2014-4?op=1 http://www.businessinsider.com/worst-hyperinflation-episodes... [1] http://www.spiegel.de/international/europe/ecb-prints-money-for-greece-to-buy-time-for-athens-a-848989.html http://www.spiegel.de/international/europe/ecb-prints-money-...
- lazylizard 12y agothats printing plus taxing..and over doing the printing part? why not print as much as one would ordinarily tax? saves the trouble of employing 100s of 1000s of people to do the tax paperwork.. and inflation is in effect a wealth tax anyway...