OneBigLife on Nostr: "When the state and its governing bodies must routinely come to the citizenry to ...
"When the state and its governing bodies must routinely come to the citizenry to raise taxes, they will be cautious in what they request lest they be voted out of office. Many of the issues with the state stem from an overactive government using an inflation tax to do more than is necessary. For example, there is no way that the current global level of military spending, which invariably leads to conflict, would be sustained if the government used direct taxes to pay for it. What do you want: free healthcare or more AK-47s? Free university education or a fleet of F-16s? Affordable public transport or another nuclear missile-armed submarine? If the taxpayer decided, different types of public goods would be produced, leading to a better quality of life for many people."
Arthur Hayes, in his 'Hot Chick' newsletter.
Published at
2024-07-13 09:45:22Event JSON
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"content": "\"When the state and its governing bodies must routinely come to the citizenry to raise taxes, they will be cautious in what they request lest they be voted out of office. Many of the issues with the state stem from an overactive government using an inflation tax to do more than is necessary. For example, there is no way that the current global level of military spending, which invariably leads to conflict, would be sustained if the government used direct taxes to pay for it. What do you want: free healthcare or more AK-47s? Free university education or a fleet of F-16s? Affordable public transport or another nuclear missile-armed submarine? If the taxpayer decided, different types of public goods would be produced, leading to a better quality of life for many people.\"\n\nArthur Hayes, in his 'Hot Chick' newsletter.",
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