Posted: Dec 09, 2015 2:51 pm
Thommo wrote:THWOTH wrote:There may be an inflationary cost to pay, but the Fins can only really do this while their GDP outstrips their public spending, or else they'll just be borrowing money from their children and grandchildren unto the seventh generation - and beyond.
Do you mean GDP here, or do you mean tax revenue? Government spending is one of the figures that is added together to derive GDP, GDP is (barring pathological malfunction) necessarily at least as large, and in all real cases exceeds government spending by a long way (even in a communist country like Cuba).
Yes, tax revenue, my bad.
Going by the discussion here I can almost hear the pre-echo of the right-minded ramping up to decry the immorality of 'the unearned wage' (except for trust funds and stock portfolios of course).