Quote:
Originally Posted by Orruar
[You must be logged in to view images. Log in or Register.]
Yes. Understand that every dollar the government spends, it must get from somewhere. Understand the side effects of government borrowing and money printing, and you will understand why the tax rate doesn't really matter that much. All three forms of obtaining funds are harmful, and direct taxation is probably the least damaging. The most popular form (money printing) is by far the most damaging to the lower classes. It is popular because it is a hidden tax, one that most people don't realize is being thrust upon them.
|
This guy knows what he is talking about. At this point bernake should be tared and feathered.