What happens when the taxpayers run out of money?

With the federal government wanting to take taxpayer monies to bailout irresponsible banks, I would think that we will have to pay more in taxes to replace monies used in this endevor. What happens when we run out of money to give? I know that personally, I pay roughly 2/3 of the money that I make in some kind of Federal, State, Local, Sales, Gas, etc. tax right now. St some point, I will not have anymore money to give. What happens then?

What happens when the taxpayers run out of money?
Then you become dependent on the government, which is the ultimate goal of the liberals.
Reply:In a way it is already happening. Our local government ( county) has adopted a zero based budget, in reality this is impossible with rising gas prices, utilities and operating costs. So far they have had to cut personnel and have no idea how they will afford to plow the city streets since the county can't afford to do it and the city has no money to step in.All departments will end up going over budget and the tax payers will feel the brunt of it. We also (not me ) voted in a large over the budget referendum to keep our schools open. This will raise my property taxes by about $150.00 this year. It is grim...and the worst is yet to come.
Reply:Well what will happen is we will go into a recesion and most likely the economy will crash. They for see that it is already going to happen. The stock market a little at a time is already crashing and once that hit's rock bottom and since there already trying to make us tax payers pay a hefty 700 billion loan for mistakes made by banks and other companies us tax payers are going to be left in debt. And guess what the state wont be here to help us when we need help.
Reply:Even if you run out of money you will still have to pay, so I guess you will go in debt to the government. But this will happen after you lose your house, savings and your first born child.
Reply:A collapse and the formation of a new government, perhaps.





That's happened to corrupt empires throughout history.
Reply:The problem is that all Governments will try to convince us that there is a limited amount of cash in their coffers .... the truth is there is an abundance - have you ever seen a poor politician?...... the only way they can get the country back on it's feet is to start dipping into their bank account and selling off some of their gold reserves to make up the deficit..... money is only based on the amount of capital assets the Government/Country has .... those assets have a value to another country ..... the price paid for those assets, coupled with taxation, is where the Government's money comes from...... The debts accrued by a country that the Government claims puts the country in debt and so pushes up the taxpayer's bill is the borrowings made between countries .....


Liken this to what happened to Germany after the First World War - they were fined so heavily that the Allies broke the German economy and so effectively ran Germany instead of the Germans ..... somewhere in there their debts were forfeited as realisation dawned that by fining and taxing them so heavily they could never afford to pay the bill, but the other Allied countries had to pay for them instead..... so it will go in this current UK/USA situation .... somewhere in there someone will have to just wipe the debts off to allow these countries to recover in order that they can maintain a stable world economy......





You and I can't be taxed into extinction .... our taxes help to support the Government - if they tax us so hard we can't pay the bill then they effectively cut off their noses to spite their faces ..... it won't happen .... but things will/are going to be tough because they will push us to the limit .....without an ease up to the situation and taxation the country's economy will collapse and the people will revolt and we will for the first time in history be looking at a completely new form of Government instead of that which has historically been based on monarchy.....