Gene Wolfe's Politics

brunians at brunians.org · 28 Mar 2009, 01:45 · from 2009-March.txt.gz

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From: brunians at brunians.org (brunians at brunians.org)
Date: Fri, 27 Mar 2009 21:45:45 -0400 (EDT)
Subject: (urth) Gene Wolfe's Politics
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This is why 'raising taxes on the rich' doesn't work, for those of you who
have been paying attention.




.

> On Mar 26, 2009, at 4:32 PM, Dan'l Danehy-Oakes wrote:
>
>> I'm talking about the gummint going bankrupt, silly boy.
>
> Gummints don't go bankrupt, having produced nothing in the first
> place.  They may print money, which will devalue all the goods and
> services of the society and bring about its ruination, of course.
> They have that power, but they don't have the power to create money
> in the original sense of the word, as a store of value.  You may or
> may not be aware that businesses don't pay taxes either, individuals
> do.  Businesses pass them along to their customers to pay.
>
> Steven Bowen
> http://bowenfinearts.com/
>
>
>
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