Mucca Mad Boys
Well-Known Member
Oh, co’mon Fern, I’m only pulling your leg!Oh how will I cope without the approval of you and that buffoon.
I have never said that a government can print more and more money without consequence, I have consistently said that a government that issues its own currency is not dependent on tax to spend.
It must always spend first otherwise it would be unable to collect any tax.
I'm sure fatlad will agree that a sensible government should tax passive income and unearned wealth to mitigate inflationary pressure and encourage fairer asset distribution.
It’s not strictly true that the government needs to ‘spend and tax’. After all, how else would have a budget surplus?
‘Unearned wealth’ is one of those slippery terms used by the left. If I invest money into companies that allows them to raise funds, grow and employ more people… Investors getting paid dividends isn’t ’unearned wealth’ because it has helped boost tax revenues for the treasury via corporation and tax-paying workers.
Going after investors and savers will backfire and have a negative impact on the economy. Just as non-dom clampdown has.