Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #195 on: February 10, 2020, 02:15:00 pm »
1. Infrastructure is used over time, though.  Maybe you buy cars for cash but not everyone does.  It's maybe a fair idea to pay a bit every year so that those who pay tax in that year pay for something being used in that year.

2. Sort of, but it's also a useful stat in that it tells us what % of our wealth we are paying on.

It's not about paying cash for cars. If you buy a car on a loan, pay it off before you get rid of that car. Don't just add that debt to the debt you incur for its replacement.

It may be a useful stat but it isn't an excuse to go farther in debt.
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