For every debt there is a matching asset by accounting identity. When the asset is spent it creates a flow of taxation that precisely matches the debt for any positive tax rate.
That's a simple geometric series a 15 year old can do. Get a piece of paper and work it out and you'll see.
For every debt there is a matching asset by accounting identity. When the asset is spent it creates a flow of taxation that precisely matches the debt for any positive tax rate.
That's a simple geometric series a 15 year old can do. Get a piece of paper and work it out and you'll see.