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21 sats \ 5 replies \ @TomK 30 Jul \ on: Q2 Federal government current expenditures: Interest payments: $1,089,085,000 econ
It gets funny when the state has to take on debt to pay its interest.
The one benefit of high interest payments is that the public becomes more aware of high government spending.
Of course the downside is that some voters will say we need to raise taxes to pay down debt!
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exactly. and the propaganda will prepare the citizens beforehand that taxes are important to save the state and that demanding very low taxes or even not paying taxes is an anti-social piece of shit. Australia is already going down the path of imposing a tax on unrealized gains on pensions over 3 million in asset value. That's what it boils down to everywhere
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