(urth) Gene Wolfe's Politics
crushtv at gmail.com
Thu Mar 26 13:03:33 PDT 2009
>> A good practical place to start.
>> You can only make a new tax if you remove two others: you can only raise
>> tax if you reduce other taxes by twice the amount.
> This is a formula for bankruptcy.
I don't think this resolution is exactly what Horn suggested; however, it is
only a formula for bankruptcy if one of the following is true:
A.) The leaders of a government cannot curb their inclination to spend more
and more--or commit themselves to spending more and more--without regard to
the money coming in (admittedly, a genuine impetus in democratic and
B.) There is some kind of law of good governance that demands governments
continually spend ever larger percentages of the nation's economy (which I
don't consider true, and would inevitably lead to bankruptcy).
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