Very good. And what ever happened to the concept: the welfare cost of the compulsory taxation that eventually pays for public spending? We hear a great deal about benefits but the costs are now ignored. And, with reference to CS 'dark ages of no growth' as humankind merely subsisted, yes, you get growth when you have surplus income to invest. In other words, a (bit) of income/wealth inequality can be a good thing.
Very good. And what ever happened to the concept: the welfare cost of the compulsory taxation that eventually pays for public spending? We hear a great deal about benefits but the costs are now ignored. And, with reference to CS 'dark ages of no growth' as humankind merely subsisted, yes, you get growth when you have surplus income to invest. In other words, a (bit) of income/wealth inequality can be a good thing.