Ouch.

This is from today’s top stories in Canada.

“Another option to rein in debt is to cut spending. And finally, another option is to fire up the money-printing presses and, in the process, create inflation and reduce public debt in real terms. In my opinion, governments will try to tax to the max, either directly via income tax changes or indirectly via tariff increases or via increasing consumption taxes. And all this at a time when non-payment of taxes has become a continuing problem around the globe.”