A reading of history will suggest most revolutions are the result of high taxes (or put differently, the power that be taking more of the serf’s earning leaving the serf to live in poverty).
When governments spends more then they take in rather then cut cost they simply raise taxes. This works for awhile but eventually they (the serfs) revolt.
There need not be a revolution because people can just leave. Slowly but surely the tax base will erode, people won’t pay these taxes, the unproductive will squat as the properties and roads deteriorate, and the productive will leave and ultimately if not reversed the state will become defunct.
California, a beautiful state, is running $65 billion deficit on a $300 billion budget. These ponzi schemes all eventually collapse.
“When governments spends more then they take in rather then cut cost they simply raise taxes.”
The Federal government’s gimmick is to print money which is equivalent to a tax increase on the ordinary guy. Too many of us don’t realize that.
States, Cities, etc., can’t print money.