nothing will become insolvent taxes will merely ("merely") risehttps://twitter.com/AP/status/1004064258424856576 …
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the constant approach throughout history in falling empires is debasing the currency, we'll be taxed through inflation
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Some highly-intriguing new exit options this time around, though. Very likely that an attempt to work this lever will trigger cascading collapse at inconvenient speed.
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He's referencing the Laffer Curve, which says that there is a max amount that can be collected by taxation.
End of conversation
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