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In Reply to: Such a complicated subject area and maybe too much simplification to make any point posted by JDK on June 7, 2021 at 18:14:40:
I beleive it may make more sense IF governement spending were factored in.....this fuels inflation as well as decreases the wealth available to those taxed. Less wealth and continued rate of expectation fuels debt. Not to mention certain 'adjustmemts' made, like education (cost rises faster than inflation) as well as medical. Those pirates at the Housing administration? equally guilty.
Today? Gov spends well north of 30,000$ per capita annually. And this is going to go UP substantially due to recent debt increases in the Trillions.....
In 1960? 815$ per capita......That is worth about 7200$ in '2021 dollars'.......So Per capita expenditures have increased OVER 4x in the last 60 years.....
I'll leave it to you to do the math.......
Too much is never enough
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Follow Ups
- RE: Such a complicated subject area and maybe too much simplification to make any point - pictureguy 19:15:26 06/07/21 (3)
- RE: Such a complicated subject area and maybe too much simplification to make any point - Rod M 20:13:22 06/07/21 (1)
- RE: Such a complicated subject area and maybe too much simplification to make any point - pictureguy 21:48:27 06/07/21 (0)
- That trend is certainly noticed... - E-Stat 19:20:27 06/07/21 (0)