Federal government receipts soar

Federal government receipts continue to soar, reaching 19.2% of GDP. Why should we care?

Because we cannot pay more than 19% of GDP in taxes. Just look at the above graphs.

The issue is not increasing taxes (we will never pay more than 20% of our gross income). The issue is to re-distribute federal receipts more wisely without giving excessively to special interest groups.

Look again at the above graph. The real issue is not taxes. They are coming in the Treasury coffer at record pace! The real issue is how we spend this money.

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George Dagnino
aka Peter Dag
Editor, The Peter Dag Portfolio
Since 1977