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Originally Posted by Reiwa
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My state is planning to raise taxes again next session because the previous session tax raise resulted in a fall in state revenue.
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Compare the collapse of spain as a world power to america's current economy.
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Spain’s empire crumbled from debt, overextension, military spending, and dependence on imported wealth instead of real production. It attempted to curb inflation with heavy taxation, without curbing spending—letting decadence replace discipline, setting up a slow, familiar unraveling.
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