How would Americans react if the life standards dropped significantly ?
The only true way you can balance the budget is by having high taxation AND decreased spending at the same time.
You can not balance a budget by cutting on spending AND cutting on revenue(taxation) at the same time or by increasing revenue and increasing spending at the same time.That doesn't work.
Average family makes enough money to take a 3 week vacation every year in Bahamas while 80% of the world can't even afford to pay their bills.
How would Americans react if the life standards dropped significantly ?
Taxation best answer:
Answer by Ross Geller
They will blame it on another country and go to war with them.
Taxation
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