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And most likely, the jobs that have been lost will not return. We do not have the capacity to create enough jobs for those that need them.
The Republicans argue that "government is too big". It should not spend more than 18% of the GDP.
However, that is the argument that needs to be challenged. Government does not need to be cut, it needs to be expanded.
The times have changed. Businesses and corporations should get used to the idea that profits will be smaller and taxes will be higher. They have to change as does every other American.
Instead of 18% of GDP, perhaps it needs to be about 30%. We need more socialism to take care of our people as the times change. Nowadays, computers have replaced human assets. One computer may do the job of a thousand workers. We are living in a new world. It is unrealistic to expect our government to operate on 18% of GDP.
Which means less profits for big businesses and corporations. If they expect to make humongous profits without hiring people, then they will need to pay more in taxes. Perhaps that is the argument that needs to be made?
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