As my former colleague Milton Friedman often said, ‘Government spending is taxation.' Beyond the essential services government provides - such as roads, courts, schools, police and fire services, and the military - government spending doesn't actually create resources. It just redistributes resources. For every beneficiary of government largesse, there's someone who pays for that largesse. (Arthur Laffer)

As my former colleague Milton Friedman often said, ‘Government spending is taxation.' Beyond the essential services government provides - such as roads, courts, schools, police and fire services, and the military - government spending doesn't actually create resources. It just redistributes resources. For every beneficiary of government largesse, there's someone who pays for that largesse.

Arthur Laffer

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