If only every voter realized that every dime of government spending is a tax. Even if the IRS rates aren’t increased, it increases prices of the goods and services bought by the government, and either diverts investment money from productive investments to treasury bills, or inflates the currency as (in the US) the “Fed” creates more money via “quantitative easings”.
Every new department, every new “benefit” is a new tax, whether paid to the IRS (actually the most honest way) or evaporated out of your pocket via inflation.
ratlum over 10 years ago
So there is no hurry .
Strider Keninginne Premium Member over 10 years ago
Belfry’s political ambitions egg him on, but his fellows and constituents will egg him off…after that speech.
stuart over 10 years ago
If only every voter realized that every dime of government spending is a tax. Even if the IRS rates aren’t increased, it increases prices of the goods and services bought by the government, and either diverts investment money from productive investments to treasury bills, or inflates the currency as (in the US) the “Fed” creates more money via “quantitative easings”.
Every new department, every new “benefit” is a new tax, whether paid to the IRS (actually the most honest way) or evaporated out of your pocket via inflation.
doggiehouser over 10 years ago
Actually according to Wikipedia (not that it’s a 100% reliable source) The blowhard Senator was patterned after Kennedy and Tip O’Neill.