If airlines and chemical manufacturing create our increased GDP, then a government that is in proportion to that GDP would be able to handle it.
Government, in absolute measures, would, of course be much larger than before the New Deal. But it should be cut back to pre-New Deal proportions.
There is nothing to fear from such large cutbacks. State governments are now larger than most national governments on the planet. There is no reason to think the states could not shoulder the responsibilty for everthing they SHOULD have under their jurisdiction.
posted on 09/01/2003 5:52:00 PM PDT
(Freedom Lite - it's almost worth defending)
Liberty magazine for Sept/Oct says that Colorado has a law mandating that tax rates not increase more than the growth of population plus the inflation rate. The politicians did all they could to defeat it. Liberty says it works. You might consider introducing such a measure at the state level. If it works in many states, someday people may demand that the federal government follow the same rule. For the time being and the forseeable future, though, government will bear responsibility for emergency situations (war, depression, disaster) that will drive up expenditures and taxes.
posted on 09/07/2003 12:26:31 PM PDT
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