Conclusion....Consumption Tax Needed

What we NEED is..

1. Smaller government

2. Most broadly based, lowest percentage tax structure.

What we'll GET is...

1. MORE government..

2. More and higher taxes
 
Quote from achilles28:



Some 50% of GDP is now "produced" by Government. Except they produce nothing.
More...

I would really encourage you to check your facts again. 50% of our GDP is NOT Government spending. If you want to prove me wrong, please find a government site that supports your claim. I guarantee you won't find anything at that level. Government as a percentage of our GDP is no more than 10%, and that would be at most.
 
Quote from bwolinsky:

I would really encourage you to check your facts again. 50% of our GDP is NOT Government spending. If you want to prove me wrong, please find a government site that supports your claim. I guarantee you won't find anything at that level. Government as a percentage of our GDP is no more than 10%, and that would be at most.
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I saw a graph that showed 50%. Maybe its not 50%. 10% is a joke, though.

The Federal Budget alone is 3Trillion. That's 21% of GDP, right there. Now add State and Local.
 
Quote from achilles28:

I saw a graph that showed 50%. Maybe its not 50%. 10% is a joke, though.

The Federal Budget alone is 3Trillion. That's 21% of GDP, right there. Now add State and Local.
More...

Try this...
 

Attachments

Thanks, guys. Seems those charts include Federal, State and Local expenditures + regulatory compliance in the last one.

~45% Government spending ++

How is this any different then serfdom? Where Lords took 50% of their subjects labor?
 
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