I hope they all get fired before taxes hit 90%.
Teaparty patriots, are you listening?
I hope they all get fired before taxes hit 90%.
Won't happen. Think Laffer Curve. Historically, people stop working, vacate the high tax region, engage in the underground economy or otherwise shield themselves from taxation.
Its already a slavery levels now, and more than half the population is unproductive and lives off the teat.
Besides, its mathematically impossible to pay any portion of the debt or even cover debt service through taxation. We passed that exit several trillion dollars ago.
And if that isn't bad enough, the Federal Reserve has granted both foreign and domestic banks and corporations with $16 Trillion backed by only the "full faith and credit" of the US Fer'al Government.
IOW, our fiat money is indeed Monopoly Money and the only reason its still used is that we are fools and the people we trade with are fools.
The point when we wake up and refuse to accept the dollar but rather take something else in trade is when the balloon violently explodes