If our government can just borrow and spend without any real long-term consequences, why make half efforts with it? Why not finance everything our government spends? Then we wouldn't have to pay any income taxes at all! Awesome idea!!!
Thought Experiment: Why Do We Bother Paying Personal Taxes? | Zero Hedge
Maybe we won't do that because the current borrowing and deficit spending regime is really a really bad idea which will have severe consequence sooner than later. And many are already being harmed by this course of action.
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