National Saving is equal To Y minus C minus G. Taxes bring down private saving, But add to government saving. Government saving! What a joke! It's been negative a long time. Higher government saving means Higher up in a giant hole. By taxes, I mean net taxes. Net taxes are a hard concept. They are taxes minus transfers Minus the int'rest on the debt. Transfers and interest are giant. So net taxes are really low. When is the day of reckoning From our massive national debt?
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