We used to have a socialist premier of our province. Like any socialist politician who never held a real job before ascending to power, he did not understand money. It was near the end of his term (he resigned in disgrace over a casino owner arranging to add a deck to the premier's home) that he began to catch on to the immutable rule: money out = money in. I remember him saying, I never understood that when I gave government employees a raise, I needed to also raise taxes to pay for the raise (or something like that). If... Read more →
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