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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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I think it was Ron Paul who said “Spending is the tax.”
And Milton Friedman
Adam Smith and Frederic Bastiat probably said it too.
I don’t think Smith would have said that, but the other two might have.
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