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Old 31-10-2012, 22:20   #166
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Re: SHTF and Boats

Quote:
Originally Posted by Brian in Az View Post
But as long as they maintain enough cash flow through excessive taxes, they can put off the collapse.

The european banks simply ran out of cash first
not being an economist,but a simple sailor i can only correct your previous post,and since this is thread drift,and not a political forum i think it is best left at that!
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Old 01-11-2012, 01:23   #167
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Originally Posted by Brian in Az

Not sales tax, INCOME tax. This is exactly how it works in real life. By the time the same $100 circulates through the economy, government does in fact collect over $100 in taxes from that same $100 of GDP
Thanks. That was my point exactly but was too knackered to pursue it - LOL

Of course it was somewhat tongue in cheeck.
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