This does not work without a drastic reduction in total government expenditure.
I agree, though I’m not sure whether this will always be true. Look at the last section of my post.
the majority of “wealth” is in the form of individuals’ earnings potential
I meant wealth as in physical assets, especially capital.
I agree, though I’m not sure whether this will always be true. Look at the last section of my post.
I meant wealth as in physical assets, especially capital.