It is commonly said that when an individual’s income increases, expenditures, if unchecked, would rise to meet the income, and necessitate further increase in income. While individuals have their ability to singlehandedly increase their incomes constrained by factors associated with the value delivery or productivity (perceived or real) in the marketplace whether as business owners or employees, governments are largely unencumbered by value or productivity considerations thanks to taxation.
Continue reading “Of Governments and Financial Insatiability”
Jilomes 