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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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