Misprint on the chained ball, should say “debt.”
I think the ball-n-chain implies it’s debt and not a playable asset like the basket ball. And senor… you’re clueless. Even if we taxed 100% of the country we couldn’t cover our debt.
Use some common sense… though I don’t know if Cro Magnons have that trait.
Let’s say you run a company. You spend 10 times the amount of money you make. How is it best to make a profit? Increasing the cost of your goods or decreasing spending? In a company it’s generally both. But you can only increase the cost of your goods/services so much before people stop buying/using your product further send your company into a downward spiral.
Hence, why it’s so important to limit spending finding a good balance between spending enough to make a quality product while charging little enough for people to flock to your product but still charging enough to actually make something off it.
If businesses are not flourishing, it’s hard to imagine that taking more money from them will send them into a boom. It’s illogical. That’s why cutting taxes often works as a proper stimulus so that companies can have more money available to spend, meaning more employees, more/better products and thus more customers and people to be consumers.
But I agree, you can’t cut too much either. Regardless, you don’t raise taxes in the midst of financial failure unless you want to destroy the economy or just ruin it further.