3 ms·

Counterpoint: it's not. I can substantiate my counterpoint after you substantiate yours.

• refurb 9y ago
  It was a fraction of what it is today before WW2. I don't see any trend downward over time. https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S Let's see your data?
  • baursak 9y ago
    Your own link disproves your claim that it's now higher than ever before. It was much higher than now up until Reagan neoliberal era that we're still in now.
    • refurb 9y ago
      See the left part of the graph? In the 1940's? It's lower than now and pretty dam close to the peak.
      • baursak 9y ago
        Post WW2 the US took over from the UK as the world's empire and a muscle man. That has significant additional costs. If you're arguing that we should cut military spending by 90% to decrease the tax burden, I'm in agreement.