RE:A govt without a tax base is not a govt anymore Almost... when a country can no longer service its debt, the IMF moves in. In the most extreme case (which Canada is heading towards), the IMF/UN will declare the country a failed state. Failed states lose their standing of external self governance in the eyes of the international community. This results in the termination of a country's laws, constitutions, charters, first nation treaties/agreements, etc. Instead it is replaced with UN law.
Under UN law ALL assets and resources of country and citizens is seized and placed under control of the IMF. Personal savings and investements are not safe. All can be seized as payment for the 'free' services and stuff citizens received that led to the insolvency of the country.
This is Trudeau's plan for Canada. He was not joking when he stated Canada is a post nation state. Remember how back in 2015 he stated Canada would sunset it's fossil fuel industry? Just look where we are 6 years later and the path he's on. It's blatantly obvious either through inention or stupidity he tells us exactly what he's planning to do. Yet people cheer and vote for him. By the time they realize what's occurred it will be too late.
soundandfury wrote: That is why when the current tax base is destroyed or substantually reduced.........there is then no option left for them but to go after peoples assets ........once the govt has control of your assets then we live in a state of commualism.......where we work for the greater good of the community not ourselves