HOW WILL WE PAY FOR EVERYTHING IF THERE IS NO TAX ?
“Annual income 20 pounds, annual expenditure 19, 19 and six, result happiness,” said Charles Dickens’ Mr Micawber. “Annual income 20 pounds, annual expenditure 20 pounds ought and six, result misery.”
Governments around the world have got a big problem on their hands. They are spending a lot more than they are receiving.
This has been the case for many years, but Covid has made things worse. Spending has gone up, tax revenue will fall – many
