Economic Disaster Looms

[Amianthus]

Economics is NOT  Natural Science!

According to this article, neither high-energy physics nor quantum mechanics are "science". Nor is cosmology.

[larry]

But it is real hard to cut a benefit that you receive.

Thats it BT. That is why we need a "Flat Tax" System. 6% state sales tax and 6% federal sales tax. No other taxes of any kind. When the a state or the federal government revenue spending begin to out pace incoming revenue, they must cut spending. No shelter, no deductions. A simple tax system that can be audited and confirmed. Those who break the law go to jail. No one gets a loophole. If you can afford to buy it, you can afford to pay federal and state tax on it. We need to get rid of the IRS.

[kimba1]

that`s interesting
with a flat tax you would know if spending needs to be cut much quicker.
it would be harder to hid cost.
the present system ,there is no limit what can be hidden.

[Plane]

"On the other hand economics is an artifact of human imagination, and the agreement among certain humans who "play the games" together -- thereby it is a social technology. There is no underlying physical reality other than what is identified by the players to be components. ..."

I do not beleive that Dr Richardson is right .

I have just imagined the cash in my wallet doubleing.

Nope .