The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Broken_Clock who wrote (47251)	12/14/2005 8:31:52 AM
From: GST	Read Replies (2) of 110194

Taxes are what we spend on public goods. We can't stick that on the global credit card and think we will not be harmed by it any more than you can live every year running stupendously higher debt in your personal finances -- it is exactly the same thing. Taxes are how we pay our national household bills. If you know how that household can spending can be seriously reduced -- go for it. But until then, taxes pay for services we collectively consume (and of course interest on the debt accumulated from years past when we failed to tax enough to pay the bills of yesterday).

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