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To: ChicagoConservative27
Hauser's law is the proposition that, in the United States, federal tax revenues since World War II have always been approximately equal to 19.5% of GDP, regardless of wide fluctuations in the marginal tax rate.

Tax revenues are more-or-less a constant % of GDP, because people modify their behavior to avoid taxes as much as possible. Taxes aren't going to pay for this spending. Inflation will.

So yes. If I could print money like the US government, a new Porsche or a beachfront vacation home would be free.

(But the downside is that a Big Mac will cost $5000, a gallon of gas will cost $3000 and the new iPhone 17 will cost $69999 instead of $699. At least we'll all be billionaires.)

15 posted on 09/27/2021 6:18:35 AM PDT by Sooth2222 (“Toute nation a le gouvernement qu’elle mérite.” ("Every nation has the government it deserves.”) )
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To: Sooth2222
Yep...Business etc. will transfer their tax increases to consumers. The majority that votes for socialist politicians, and their programs, either doesn't pay taxes or are basically the same as lobsters enjoying a warm bath that will eventually turn into a boiling financial nightmare. Someday, enough some bodies will not want to play anymore, and we'll go through the Weimar Republic routine.
23 posted on 09/27/2021 6:53:39 AM PDT by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground - Mencken)
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