Thank you for responding. I have to admit I do in general trust the Fed, and retract my point until I can find out what the differences are. I think you also h

Thank you for responding. I have to admit I do in general trust the Fed, and retract my point until I can find out what the differences are. I think you also have to take into account differences in private spending When comparing capacity for taxation. It's one thing to pay 45% taxes when that includes Healthcare and pensions, and another to pay 45% plus another 10-20%. I think it matters both who you tax and what you do with it. You can outrace continual debt spending with positive Roi Investments but not negative ROI.