Thursday, July 16, 2009

How Deficits Work

The relationship between government borrowing money and work performed by taxpayers is simple. By borrowing money, government is promising that someone will perform work on government's behalf to pay off the borrowing in the future. Since that work will not be performed for money (since it has already been given to others) it is a promise that someone will be made to perform work for the benefit of government for free. That is slavery. What else do you call a demand to work for nothing?

In reality this is also the definition of taxes whenever they take money from one person to spend on another. Slavery.


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