09-27-2010, 06:42 PM
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Moderator
Join Date: Jan 2005
Posts: 22,068
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The Government Tapeworm
IMO government is overhead some overhead is required to have a civil society, however too much overhead is a bad thing. We are now seeing unemployment in the teens (counting those not looking for work) something unusual in the US but common in western europe.
Very good article on taxes government and the relationship between the two. They assert that the maximum an mount of revenue for government comes with a taxes of ~44% of GDP, guess where the US and other Western countries are?
The article also cites studies showing that the maximum amount of personal wealth (as opposed to max gov revenues) occurs when taxes total ~25%, about 45% less than our current burden.
IMO government should be about maximizing our revenue not their revenue.
American Thinker: The Government Tapeworm
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But if we do use the precise Romer-Laffer Curve to speculate, it leads to a pretty remarkable insight: the mature, Western democracies seem to be maximizing government revenue. That is, they are not maximizing the percentage of GDP they take; they are maximizing the actual wealth they take. They appear to be seeking the peak of the Romer-Laffer Curve.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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