Friday, 13 January 2012

Public Debt Explained in a Few Minutes, and If You Don't Have Tax Enforcers Taxes Don't Get Paid

An interesting explanation of public debt from Le Monde with English subtitles. The context is European but the principles apply on this side of the Atlantic too

And here's the link to another aspect of public sector cuts: if you don't have employees at IRS (or in in Canada the CRA) to make sure people pay taxes, they won't be paid and the debt gets worse.

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