Declining character, declining work ethic, lack of self-responsibility with the government accelerating its pace. With the government creating the current financial crisis by setting up uber programs with the inevitable failure of financial business and the assured defaulting of home(mortgage)"owners". That's what you wanted. That's socialism running its course. Yes, we can't. There's no going back now. I can't see the fed gov ever being cut down to 10%.
============= Mr market masher[mm]; good point about the gov spending too much. However your guesstimate on GOOG 2% fed tax , seems too low; federal tax %alone on gas[ & % fed telephone. tax..] is more that that........................................... Actually I agree with much of the fed gov tax breaks/cuts/loopholes. For example , most Americans who give to Churches/synagogs,[loophole] do not have to have a tax break . But really, the gov needs to give it. Giving gift deductions,tax breaks/loopholes for churches /synagogs ; makes a wise statement. Or one can be like the King of Egypt & his Egyptian army, fight & disrespect the private sector/Church/synagog-but God drowned them in the Red sea. Its not an anti- Arab statement; agree with the many in market [mm]& King of Arabia-cut American gas tax,LOL]
What kind of shape will America be in when the red bar gets to 60%? 70%? At what point does the the system collapse because it can no longer be supported by the blue bar? How close are to that right now?
Reality is we can generate all the taxes we need to operate our govt if we enact a simple 1% tax on all monetary exchange. Every time you deposit money in the bank you get dinged 1%. Every trade - ding 1% Every exchange of consideration gets dinged 1%. Every foreign transaction using dollars gets taxed 1% Simply eliminate paper money and go all electronic with the ding built in. No exemptions or loopholes, All govt agencies work on a cash based balanced budget and all transactions without exceptions get dinged 1%. No income tax, No sales tax, no property taxes, no gasoline tax, no telecommunication tax... infact, all other taxes of any kind are abolished and declared illegal. GDP is a false indicator... Continuously Taxed Monetary flow is the bottom line solution.
The reality is we ALREADY generate all the taxes needed to operate our government. Congress is addicted to spending our money, largely in exchange for our votes which (collectively) like a bunch of dopes we keep giving them. One percent transaction tax? They'd just spend it and even more the deficit of which would then have to be printed and or borrowed. Then they'd say if it was only 2% our problems would be solved. Only congress would then spend ALL of that increase plus even more, which would have to be printed or borrowed. Then it would be a 5% tax and so on and so on... WE DO NOT HAVE A REVENUE DEFICIENCY WE HAVE A CONGRESSIONAL SPENDING PROBLEM EXACERBATED BY A VOTER ENTITLEMENT MENTALITY