The Federal Govt may only take 30% of GDP, but if you add in what the states and cities take in..we are getting to 45%, not far different than Europe.
The share is going to accelerate as the private sector shrinks under the weight of new taxes and lower revenues.
Tax rates are “going to accelerate as the private sector shrinks under the weight of new taxes and lower revenues.” The crowding out of the private sector will bring on the Next Great Depression...only result possiblie in the scenario he’s offered. If Congress can’t see this, then that makes the Executive Branch and the Legislative Branch economic illiterates! We already know the Justice Branch are economic illiterates.(they’re lawyers, like Obama). Perhaps we Americans have failed to point out to our Federal Government that “The Economy is a place where people go to live and work”.
Can 50 Sovereign States declare Eminent Domain on DC and declare the Federal Government null and void?