Reading about the Gulf Sultanates, I came across the phrase "no representation without taxation." In other words, since the governments there could print all the money they wanted by pumping oil or gas out of the ground, they didn't have to tax people or give them a voice in government. It's an interesting argument.
Reading about the Gulf Sultanates, I came across the phrase "no representation without taxation." In other words, since the governments there could print all the money they wanted by pumping oil or gas out of the ground, they didn't have to tax people or give them a voice in government. It's an interesting argument.
Of course, last fiscal year the Federal Government covered I think about 50% of the budget with taxes; the rest was borrowed or printed into existence. They don't have to listen if we don't directly pay. Of course we all pay in inflation.
Following the massive spending passed in 2021, the current budget exceeds the capability to tax to revenue neutral. No matter what tax schemes are promised, it can't work. The "tax the rich" mantra is fine prime time but the math doesn't work: Confiscating ALL the wealth of every billionaire in America will fund the current federal spending rate for less than months.
Looking for why inflation is running away? Doubling energy costs through idiotic policies shutting down production is half the story. Devaluation of the currency due the fact we can't sustain our debt is a big part too.
Reading about the Gulf Sultanates, I came across the phrase "no representation without taxation." In other words, since the governments there could print all the money they wanted by pumping oil or gas out of the ground, they didn't have to tax people or give them a voice in government. It's an interesting argument.
Of course, last fiscal year the Federal Government covered I think about 50% of the budget with taxes; the rest was borrowed or printed into existence. They don't have to listen if we don't directly pay. Of course we all pay in inflation.
Following the massive spending passed in 2021, the current budget exceeds the capability to tax to revenue neutral. No matter what tax schemes are promised, it can't work. The "tax the rich" mantra is fine prime time but the math doesn't work: Confiscating ALL the wealth of every billionaire in America will fund the current federal spending rate for less than months.
Looking for why inflation is running away? Doubling energy costs through idiotic policies shutting down production is half the story. Devaluation of the currency due the fact we can't sustain our debt is a big part too.