In conjunction with Joe’s Law (“Government spending creates its own taxation”) and Say’s Law (supply creates its own demand), I’d like to suggest the following:
Tax revenue creates
its own demand
its own demand
I’m not sure what to call it, but the name should definitely consist of at least two words.
Perhaps we could do the popular thing regarding government spending ? forget both Henry Hazlitt’s one lesson as well as Milton Friedman’s most famous observation ? and call it the Winners’ Free Lunch Law.
