There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.
William VickreyIt (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.
William VickreyIncreasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
William VickreyNearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life.
William Vickrey