{"id":48421,"date":"2019-09-12T11:02:10","date_gmt":"2019-09-12T16:02:10","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48421"},"modified":"2019-09-12T11:02:15","modified_gmt":"2019-09-12T16:02:15","slug":"can-government-prevent-a-major-debt-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48421","title":{"rendered":"Can Government Prevent a Major Debt Crisis?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.armstrongeconomics.com\/world-news\/taxes\/can-government-prevent-a-major-debt-crisis\/\">Can Government Prevent a Major Debt Crisis?\u00a0<\/a><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/d33wjekvz3zs1a.cloudfront.net\/wp-content\/uploads\/2012\/03\/Trajan-Welfare-Youth.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/d33wjekvz3zs1a.cloudfront.net\/wp-content\/uploads\/2012\/03\/Trajan-Welfare-Youth-300x190.jpg\" alt=\"\" class=\"wp-image-50740\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>QUESTION:<\/strong>&nbsp;Hi Martin<br>I recently stumped upon a documentary on Netflix about you and your model.<br>I then went on and watched some YouTube videos.<br>To me it makes totally sense that taxation does not work, but how can we change it. Do we need to become politicians?<br>We have a very high tax in Denmark. Base level around 39 percent and top level around 60. So it\u2019s eminent to cajnge this in Denmark.<br>We have a quite new political party here called Liberal alliance. They promote a flat tax of 40 percent, and I think that makes sense\u2026. But, they had such bad election and are so tiny now, they have no influence.<br>Everyone say we need taxes to have welfare. So how do we go from 60 to 0 percent in tax without sacrifice our welfare. And how do we convince people that it Wan work\u2026.. It will be some very tough months or years once the tax is not flowing to the hospitals etc?<br>I hope you can elaborate on these things.<br>DB<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/s3.amazonaws.com\/armstrongeconomics-wp\/2012\/04\/intnew.gif\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ANSWER:&nbsp;<\/strong>In building the model, I assembled data on everything I could find and then put it all together to see how and what made the world tick. I investigated tax rates to see how civilizations operated. I investigated what types of governments worked best and what always collapsed into oligarchies, then tyrannical entities, before collapsing into dust.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/d33wjekvz3zs1a.cloudfront.net\/wp-content\/uploads\/2016\/12\/Thrasymachus-Quote.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/d33wjekvz3zs1a.cloudfront.net\/wp-content\/uploads\/2016\/12\/Thrasymachus-Quote-300x186.jpg\" alt=\"\" class=\"wp-image-59501\"\/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><a href=\"https:\/\/d33wjekvz3zs1a.cloudfront.net\/wp-content\/uploads\/2013\/12\/Ptolemy-II-Arsinoe-II-AU.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/d33wjekvz3zs1a.cloudfront.net\/wp-content\/uploads\/2013\/12\/Ptolemy-II-Arsinoe-II-AU-300x199.jpg\" alt=\"\" class=\"wp-image-49047\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">I read many contemporary historians directly rather than the modern interpretation of events, which have\u00a0<strong>NEVER<\/strong>\u00a0been unbiased. I discovered that inevitably people interpreted the past with a modern context. I found one of the funniest to be when they named the city of Philadelphia after the Greek meaning \u201cbrotherly love.\u201d <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Can Government Prevent a Major Debt Crisis?\u00a0 QUESTION:&nbsp;Hi MartinI recently stumped upon a documentary on Netflix about you and your model.I then went on and watched some YouTube videos.To me it makes totally sense that taxation does not work, but how can we change it. Do we need to become politicians?We have a very high [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,4106,379],"class_list":["post-48421","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-debt-crisis","tag-government"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48421"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48421\/revisions"}],"predecessor-version":[{"id":48422,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48421\/revisions\/48422"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}