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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (26393)	2/25/2008 2:19:20 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: [cost not possible to rise above 100% of GNP.] "But the GDP is growing." Two real quick points about that: 1) Government tax take still can't rise above 100% of national product! 2) Laffer Curve effects also apply --- rising government tax take out of the real economy REDUCES productivity of society and the national production of the economy. So, as tax-take rises toward '100% of production', the economic drops off to zero or NEGATIVE RATES as capital flees. Thus: the economy is no longer 'growing' (as those conditions approach) as you posited. Re: "A quadrillion nominal dollars is likely...." WHEN? (You gave no timeline....) SOURCE? (You gave no source for the calculations....)