Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DuckTapeSunroof who wrote (26399)	2/25/2008 2:49:09 PM
From: TimF	Read Replies (1) \| Respond to of 71588

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....) That true but irrelevant as a tax take larger than 100% of the national product is an issue only you are raising. I am not assuming, promoting, imagining or raising the issue of a tax take anywhere near 100% of any years GDP. Oh! So THAT is the 'timeline' you are speculating about.... <g> It only took about four mentions for you to finally get it. (You are trying to make 200 year PLUS economic projections.) LOTTSA LUCK with that! :-) And two or three times I've already said 1 - The projections over that many years will not be that accurate (although it can be too low as well as too high) 2 - That the figures project to be so much higher than a quadrillion dollars over the course of that many years that even if the figure is much lower than the projections, at least the total can easily be quadrillions. and 3 - The quadrillions figure was thrown out to shock and open peoples minds to the big picture. I'm really more concerned about the costs over decades not centuries, but even the real (rather than nominal) costs over decades makes Iraq's costs look tiny. 1) Government tax take still can't rise above 100% of national product! True, and undisputed, but also irrelevant. 2) Laffer Curve effects also apply Issue already addressed.