Why is cutting taxes bad?

Answer 1

People like to pay less taxes, yet they do not want to give up the government services that their taxes pay for. In order to satisfy the public demand for less taxes and more spending, governments resort to borrowing money. When governments continually borrow money, for years and for decades, the national debt increases constantly and eventually the nation becomes insolvent. Debt is not free, it is expensive. You have to pay interest on your loans. And at some point, that becomes too much to afford. Then you have a financial crisis, which has happened in a number of nations already, and may happen in many more nations. The whole system breaks down.So, if you want to pay less taxes, you should expect to receive less services from the government. Otherwise, you are asking to get something for nothing, and the universe doesn't work that way.