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To: CutePuppy

My recollection is that all U.S. governments spend 35% of GDP, sourced from all varieties of taxes and debt.

Next, about 10% of the U.S. economy is subject to coercive regulation that amounts to a pure government encumbrance of productivity, i.e. a tax equivalent.

So, I think the true total “tax” take is around 45%.

Therefore, we could cut taxes in half (towards the 22%) and the economy and Treasury receipts would boom!

But Democrats would get fewer “envy” votes, so it’s a non-starter.

Proving Democrats care about power, not ameliorating any actual problem with the increased revenues that would result.


29 posted on 09/16/2009 2:11:45 PM PDT by Uncle Miltie (NEXT: Sting ACORN on Voter Registration.)
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To: Uncle Miltie
Not counting the impact of regulations, these are somewhat conservative and outdated numbers of total taxation. I've read recently that the latest number of total spending is closer to 43%-45% of GDP, due to so-called "The Obama effect" though George W. Bush and Congress were no angels when it came to government spending. So, including regulations, the total average impact will be easily over 50% of GDP now.

Yes, it's all about power, which is the ultimate aphrodisiac of politicians.

From Heritage Foundation / WSJ Freedom Index (calculated mostly for the last year, not yet accounting for financial crisis and "The Obama effect," e.g., Unemployment = 4.6% etc) :
Country rankings for trade, business, fiscal, monetary, financial, labor and investment freedom - United States

Ranking the Countries - complete Freedom Index table, sorted by score

Another index, more widely used because of longer time span coverage, is Economic Freedom of the World by Fraser Institute

One point of note, however - these indices are generally relative to other countries, not to the previous surveys of the same country, so the erosion of freedom in the country may not always be seen due to higher or faster deterioration of freedoms elsewhere.

38 posted on 09/16/2009 6:06:58 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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