The Emperor’S Praetorians

Pierre Lemieux

Chapter Chapter 6 in The Public Debt Problem, 2013, pp 77-92 from Palgrave Macmillan

Abstract: Abstract Is the emperor naked? Is the sovereign really broke? The question may seem preposterous. After all, the sovereign can force its taxpayers to pay. He is well-organized. He has judges and policemen and, if necessary, soldiers to enforce its will. Moreover, in democratic countries, the taxpayers are the sovereign; they own the state, they have no emperor but themselves, and they will choose to pay with their own money. But what if they cannot or will not pay?

Keywords: Social Contract; Public Debt; Great Recession; Internal Revenue Service; OECD Average (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31302-7_6

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DOI: 10.1057/9781137313027_6

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