Charles Herold on Nostr: npub1hykuc…73p33 blowing my mind with an entirely different way of looking at taxes ...
npub1hykucplphuhelaxutcw4jw3vuu7gcg42czhqmk7jhchs8vdga4fsj73p33 (npub1hyk…3p33) blowing my mind with an entirely different way of looking at taxes and budgets.
'When a government runs a "balanced budget," that means that it has taxed as much out of the economy as it put into the economy at the start of the year. When a government runs a "surplus," that means it's left less money in the economy at the end of the year than there was at the beginning of the year."
https://pluralistic.net/2023/11/intergenerational-warfare/
'When a government runs a "balanced budget," that means that it has taxed as much out of the economy as it put into the economy at the start of the year. When a government runs a "surplus," that means it's left less money in the economy at the end of the year than there was at the beginning of the year."
https://pluralistic.net/2023/11/intergenerational-warfare/