No one addresses the debt money creation system. There would be no need for tax increases if new money for growth was created debt free.

James Rickards in 'The Death of Money' says our monetary system is in the final stages of collapse. Debt is compounding like interest and after 40 yrs exponentially more debt money must be created today to pay for the past debt.http://www.youtube.com/watch?v=7l84uHzRc50

The world debt is 3 times the GDP of the planet and can never be repaid. The banks have created more money since 2008 that was created from 1900 to 2008.We have exponential money growth that is temporally quarantined in the share market, derivatives, Govt Bonds and properties.

Money growth. LOL.
Don't forget the money being drained from from consumers due to trading in international currency.

Learn about the biggest money scam in history.http://www.youtube.com/watch?v=iFDe5kUUyT0&feature=share

mostly well said by everyone so far,

1, the monetary system is rubbish.

2, the tax spend system is very inefficient at the moment.

3, spending on junk is out of control.

4, nobody is talking enough about efficiencies in government.

iacm,

All true. Plus.

1. The money system is out of date, never was in date, and needs urgent structuring or re structuring at least.
2. The tax system suits the finance industry.
3. Spending on junk suits political spending because it's for cheap sample goods and token service.
4. Nobody in actual power in government is talking about innovative productivity and leading the way.

JF Aus, before 1972 our governments were picking winners & leading the way, very well, Snowy Mountains, farming innovation, etc.