Sounds like our little empire…
“At the end of the Third Century, the population of Rome itself was almost one million, with almost 500,000 on welfare. Rome’s corruption from a republic to a police state was assisted by confiscatory taxation and chronic depreciation. Much of it to support a greedy bureaucracy and its clamoring dependents. Quite like the Twentieth Century.”
Empires rot from within. We are between stage 6 and 7 in our stages of collapse…
1. Expanding bureaucracy
2. Causes bigger budgets
2. Necessitating higher taxes
3. Resulting in taxpayer threats to revolt
4. Causing politicians to run deficits
5. Which drives up interest rates and borrowing costs
6. Leading politicians to money printing
7. Which results in rising prices
8. Fomenting political unrest
9. Causing politicians to enact price controls
10. Which wipes out profits
11. Causing producers to flee
12. Which causes the economy to disintegrate
13. Bankrupting the government (or making them more vicious)
