Increasing Revenue Via Increasing Debt Without First Increasing Productivity...

polifrog

H/T Guarino:

I believe it is important to note the difference between an increase in productive capacity and an increase in revenue.  The additional job would serve to increase revenue by way of increased productivity.

What is the government parallel to increasing revenue by way of increasing productivity? There isn't one.  Increasing  taxes lowers productivity while having questionable revenue results.  And while  increasing revenue by way of debt is does unquestionably raise revenue, it does leave us with a diminished future.

And, of course, in the end the fellow gets his increase in revenue without first doing the hard work of increasing productivity. 

No education or home for the little girl...



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