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

To: TimF who wrote (33843)	3/9/2009 2:05:23 PM
From: Peter Dierks	Respond to of 71588

Different economies are different sizes, and have different per capita wealth, and different countries face different circumstances, so it would be a variable amount, but it would almost always be far below 21 percent, the main exceptions being a very large and serious war (like WWII, not Iraq) Of course leaving headroom is always important. If a government sucks 23% out of an economy and then needs more for war or famine then there is no headroom without taking from excessively the economy. War can easily take 5% so this would imply a peacetime non-defense spending limit under 18%. The economy can survive with higher taxation but it cannot thrive. Essentially Obama - Pelosi scale spending is simply trickle up poverty.