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21 sats \ 3 replies \ @Bell_curve 11 May \ parent \ on: U.S. Treasury Cash Surge econ
Good point about surplus and high taxation.
Spending is the key metric because taxation is what governments spend not what it collects.
I wish people would stop talking about balancing the budget. We can “balance” the budget with high taxes but that trade off is unacceptable
I think it was Ron Paul who said “Spending is the tax.”
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And Milton Friedman
Adam Smith and Frederic Bastiat probably said it too.
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I don’t think Smith would have said that, but the other two might have.
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