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To: Olog-hai; All

The essential problem here is that between Federal, state, and local government, over 40% of our GDP gets sucked up by government spending. More taxation, wherever it occurs, just exacerbates the problem.


39 posted on 06/17/2024 5:35:29 PM PDT by Paul R. (Bin Laden wanted Obama killed so the incompetent VP, Biden, would become President!)
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To: Paul R.

PS it is closer to 30% than 40%.

https://fred.stlouisfed.org/series/FYFRGDA188S

2023 FED 16.23% of GDP.

https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-state-and-local-governments

State and local has averaged 15 percent of GDP since 1977.


47 posted on 06/17/2024 7:13:55 PM PDT by Freest Republican (There is no tyranny that cannot be justified by imbeciles)
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