Allen239 Wrote:
Jul 09, 2012 6:43 PM
World history, also, cites the major causes of the destruction of empires such as Rome and the Great Britain are excessive taxation and government spending. What happens is the empires' rulers confuse income with capital and by taxing away the rich's capital they destroy the economic base of their empires. Capital are the assets the rich use to generate income such as businesses, savings and inventments. Income can only exist if the rich make a profit on their capital assets.