Quote by Thomas Sowell
The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
Summary
This quote emphasizes the importance of focusing on reducing government spending as a primary goal, instead of merely achieving balanced budgets through continuous increases in tax rates to cover higher spending. It suggests that instead of relying on higher taxation to fund extravagant expenditures, governments should prioritize controlling and decreasing their spending habits. The quote implies that reducing government spending will lead to more sustainable and efficient fiscal management in the long run.
Topics
Government
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