What if everyone LEGALLY increased their number of exemptions such that the government withheld less? Wouldn’t this cause a serious cash flow problem for the government?
What if on tax day 2011, as many people as possible legally filed for an extension? How long could a government spend like this with no cash flow?
You don’t think they would make adjustments? Automatically take a certain amount?
They don’t take in anywhere near what they spend now. They’ll just borrow more from generations yet to be born (those who survive the Stupak abortion act that is.)
Do that and watch how fast the law changes. The IRS is getting more power than ever.
What if on tax day 2011, as many people as possible legally filed for an extension? How long could a government spend like this with no cash flow?
There was a time when this might have worked. That was when the government needed out tax dollars to do the things they wanted to do.
That time is passed. They spend without regard to whether or not they have the money.Just looks at Il Douche's tens of trillions of debt we're incurring. How do they do that? By monetizing the debt. They'll print more IOUs (not money,but T-bills) and simply increase the debt. The'Rats don't care about ever repaying it. That's for the little folk to worry about, the honest people (like us). The beast will only starve when people who are buying our instruments of debt believe that they aren't worth the paper they are printed on. Then the beast will stave, and we'll all be ruined.