a lot of Federal spending is financed through debt rather than current revenues, so it's mathematically possible for no-one to be a net taxpayer.
In terms of dollars, yes, but in terms of goods and services (which are ultimately the point), surely not. It's possible to print money or hand out IOUs, but any goods and services must actually be real. Someone convinced to provide goods or services in return for inflated money or IOUs has, in effect, just been taxed more than otherwise.
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In terms of dollars, yes, but in terms of goods and services (which are ultimately the point), surely not. It's possible to print money or hand out IOUs, but any goods and services must actually be real. Someone convinced to provide goods or services in return for inflated money or IOUs has, in effect, just been taxed more than otherwise.
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