Over the past 70 years, during the 30's, 60's and 70's, Democrats have tried to spend to increase economic stimulus. IT HAS NEVER WORKED. Why? Simply put the money has to be taxed from someone and given to someone else. Net result is ZERO. All that is accomplished is to TRANSFER wealth from someone to someone else. And, presumably that someone else will vote for you or your party in the future.
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But during the 80's and 90's when the federal government shrank by 20% as a percentage of GDP (gross domestic product), the U.S. economy enjoyed it's greatest expansion to date. So where does all this stimulus money come from? You can either print it, or tax it. From a tax standpoint -
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That's right folks, you guessed it. The top 10% of the income producing tax payers pay 70% of all taxes. But as a percentage of total voters they are a very small number. What happens when that group begins to evaporate? You now must print money leading to inflation or hyper-inflation and a total road to ruin. Every dollar Congress spends must originate from somewhere else.
©Sharky&Sharky
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