The Mudcat Café TM
Thread #34214 Message #464239
Posted By: MarkS
16-May-01 - 07:22 PM
Thread Name: BS: BUSHWACKED- BUDGET GIVE-AWAY
Subject: RE: BS: BUSHWACKED- BUDGET GIVE-AWAY
Hi Kendall - I agree completely that excess revenue should be used to retire debt, but lets go back to my previous example. If the shopkeeper would use the ten dollars I expect in change to reduce the amount I owe him from previous credit, then fine. But I don't want the shopkeeper using the ten dollars to subsidize some yet to be determined activity, which he will subsidize only because he has taken ten dollars more from me than the amount of whatever it is I am buying!
Anyway, perhaps this is a more valid example. If the shopkeeper is government and I am the taxpayer "buying" goods and services with my dollars, then the government "debt" is really owed to ME, because it is money I have lent the shopkeeper in the past. The shopkeeper should give me the merchandise I want without charge, using up the surplus (if there really is one) until such time as the surplus is exhausted. Then the shopkeeper can start charging (taxing) me again for the goods and services I require of him!
We may have some fun with this over the next few months!