You can’t use your GDP to pay off debts. Wouldn’t it be better if we used how much % of a goverments budget goes towards servicing debts?
You can’t use your GDP to pay off debts. Wouldn’t it be better if we used how much % of a goverments budget goes towards servicing debts?
Because GDP ratio is good propaganda for the ruling class and their government lapdogs.
Plebs asking too many questions about taxes would be bad news
How would debt to revenue be substantially different in this regard?
The ratio would look different and would also be more relatable to the peasants.
revenue for government is = income for the peasant
GDP = ???
with that said, i wonder what would happen if workers found out what their labour actually brings lol Each peasant does have a GDP value