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The Contradictions of Statism | The Hillebrand Series | Episode 9 (WiM068)
The "What is Money?" Show
The Limiting Factor, Is It an Extinct Factor?
The more people hold their savings in wealth, this is unassailable by the state. So there their tax base has shrunk, right? So the higher the resistance ratio, the smaller the tax. Ah, so it seems like a limiting fact. I don't know. I'me haveng a ri time. But te that thatther is a limiting factor, or a downward pressure on the state. A beconis that opportunity cost that was not there before. And it has to be considered by all actors, including politicians. The game for politicians changed drastically. A, and there there will be consequences to that."
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