Here’s an interesting exercise… Let’s take the first two paragraphs from Wikipedia about a Ponzi scheme…
Now let’s swap a couple words here…
One thought on “Government Economics or Ponzi Scheme?”
I think the difference is that tax payments are not made with the intention of making a profitable return, but because it’s a necessity in order to have public goods provided to an economy that wouldn’t be provided through private firms alone.
I think the difference is that tax payments are not made with the intention of making a profitable return, but because it’s a necessity in order to have public goods provided to an economy that wouldn’t be provided through private firms alone.