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>"The US GDP was $17.5 trillion last year. I don't think you're looking at the right numbers." I don't follow. Why do you think GDP is the "right number" inste
by nonbel 8y ago
>"The US GDP was $17.5 trillion last year. I don't think you're looking at the right numbers."
I don't follow. Why do you think GDP is the "right number" instead of tax revenue?
- sp332 8y agoYou didn't mention tax revenue in your comment either. My point was you need to look at capital gains and business taxes to get an idea of how much money there is available. Wealth is not relevant and personal income is not the whole picture.
- nonbel 8y ago>"You didn't mention tax revenue in your comment either." Yea, I guess you are correct. I just consider adding to the national debt another form of tax (via inflation). >"My point was you need to look at capital gains and business taxes to get an idea of how much money there is available." Still not following. I am concerned with the government spending a very large amount per year. Spending these resources more efficiently seems like low hanging fruit vs just raising taxes on whatever. The idea of confiscating the wealth of the ultra rich is just to demonstrate that they really aren't that rich compared to what the US government is spending. So if the actual desired outcome was to get, eg this climate project done, then I would expect people to be exploring that option. Plus increased efficiency should be better for the climate...