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Author: NemesisToLibs Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1955466  
Subject: Re: Sequestration again Date: 12/13/2012 7:20 PM
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Jerry misses the point. First the US government has no control over what % of the GDP takes in revenue. Second, if taxes reach a threshold, the GDP growth rate slows down. Even when taxes were at their highest in terms of top marginal rate, we were doing no better on average then we are today as % of GDP.

People who think the government can generate more tax revenue then the GDP are living in la la land or are in major denial from liberalitis.
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