There’s 2 types of “taxes” governments use to plug deficits. 1) Tax on income and 2) property confiscation Confiscation has 2 types: - Debasement which hits the poor who save in cash and do not own assets - Wealth taxes which targets the rich who don’t own money, they own the means of production The former makes the poor poorer and leads to civil war and revolution The latter destroys the means of production, the economy collapses and the country fails