Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
http://www.ritholtz.com/blog/2010/08/tax-base-as-of-gdp/
^snip^
-----------------------------------------------------------------------------------------------------
http://seekingalpha.com/article/290195-corporate-profits-are-fantastic-what-s-wrong-with-equity-prices
^snip^
Corporate profits could still be ~8% of GDP if their share of taxes were ~4% of GDP.
GDP is now ~$600 billion. 2% of that would equal ~$12 Billion per year.
The simple truth is that we need the line in that top chart to be above 20. Federal spending is going to remain above 20% of GDP no matter what we do. We would need to essentially shut down the government to get it down below that. Even getting it to 20% is a pipe dream at this point. As long as we can get revenues close enough that the increase in GDP for the year is larger than the annual deficit we can stabilize our debt. That needs to be the first goal.
http://articles.businessinsider.com/2012-02-08/news/31036457_1_government-spending-answer-gdp
^snip^
^snip^
-----------------------------------------------------------------------------------------------------
http://seekingalpha.com/article/290195-corporate-profits-are-fantastic-what-s-wrong-with-equity-prices
^snip^
Corporate profits could still be ~8% of GDP if their share of taxes were ~4% of GDP.
GDP is now ~$600 billion. 2% of that would equal ~$12 Billion per year.
The simple truth is that we need the line in that top chart to be above 20. Federal spending is going to remain above 20% of GDP no matter what we do. We would need to essentially shut down the government to get it down below that. Even getting it to 20% is a pipe dream at this point. As long as we can get revenues close enough that the increase in GDP for the year is larger than the annual deficit we can stabilize our debt. That needs to be the first goal.
http://articles.businessinsider.com/2012-02-08/news/31036457_1_government-spending-answer-gdp
^snip^
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
44 replies
= new reply since forum marked as read
= new reply since forum marked as read