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What would be the effects of a country implementing a multiyear budgetary cycle and/or a multiyear taxation cycle?
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I was just reading another thread where people complained about how it seems like the US government is always in a state of negotiations to avoid a government shutdown. This led me to wonder what would happen if government spending was proportioned for a period longer than a year, such as 3 years or 5 years? What would happen? And also, what would happen if they collected taxes in cycles of longer than a year?
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