|
Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,167
|
Govt bubble - It's a ratchet effect.
that is, when the economy is really humming, the bureaucrats get a good chunk of change. Then, when the economy slows, the bureaucrats feel that they need to raise taxes to maintain their lifestyle. ...Then, should the economy start humming again, the bureaucrats get even more money, have even bigger expenditures . . . and when the economy slows again, they raise taxes again, to make up your for your production short-falls.
...keeps on ratcheting until revolt.
__________________
Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong.
Disclaimer: the above was 2¢ worth.
More information is available as my professional opinion, which is provided for an exorbitant fee. 
Last edited by island911; 12-16-2010 at 09:24 AM..
|