In 1974, Arthur Laffer drew the curve showing his take on the relationship between tax rates and tax revenue. He thinks the UK could benefit from paying it heed https://t.co/bsqRYRxa8X ...

Economic Commentary - The country officially becomes a Ponzi scheme when interest payments exceed tax revenue [1] Bitcoin Implication - The tweet is from a Bitcoin-related account, potentially implying a negative view of traditional financial systems and a positive view of Bitcoin as an alternative [1]

Policy & Regulation - Supreme Court ruling in favor of the president on tariffs could authorize new tax revenue without Congressional approval [1] Potential Impact - The ruling could potentially allow the president to raise new tax revenue independently [1]

Fiscal Policy & Debt Management - A large debt/dollar crisis can be prevented by cutting the budget deficit to approximately 3% of GDP [1] - A mix of tax revenue increases and spending decreases is required to sustainably deal with the deficit/debt problem [1] - A balanced approach, such as a 4% increase in tax revenue and a 4% spending cut, would improve the supply/demand balance for US debt [1] - Lower interest rates, resulting from the improved debt supply/demand balance, would help reduce the budget deficit and benefit markets and the economy [1] Political Challenges - Political promises of "no tax increases" and "no benefit cuts" are inconsistent with the need to reduce the budget deficit [1] - Political absolutism prevents representatives from pursuing a balanced approach to deficit reduction [1]