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

To: TimF who wrote (26398)	2/25/2008 2:40:56 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: [Government tax take still can't rise above 100% of national product!] "But the GDP will be much larger." ALREADY ANSWERED! (See **** below, taken from last post.) It makes NO DIFFERENCE how 'large' an economy is in nominal or in real numbers --- you still CANNOT HAVE A GOVERNMENT TAX-TAKE LARGER THEN 100% OF NATIONAL PRODUCT without total economic collapse of production (most likely FAR before 100% tax is ever reached....) Re: "200 years from now it will likely be much higher than a quadrillion (nominal) dollars." Oh! So THAT is the 'timeline' you are speculating about.... <g> (You are trying to make 200 year PLUS economic projections.) LOTTSA LUCK with that! :-) (But you know, governments being the idiots they so often are --- just take a look at the current 200,000% PLUS inflation rate in Zimbabwe! --- I'd guess that the poor ole U.S. of A. might well reach your projected "quadrillion dollar economy measured in nominal dollars" a HELL of a lot SOONER then "200 years plus" from now! LOL! ================================================= **** 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.