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re: ? for you economists, if the Feds are taking in a record amount of revenues,
Posted on 6/25/14 at 1:41 pm to doubleb
Posted on 6/25/14 at 1:41 pm to doubleb
quote:
Is it important to note that the Feds are taking in a record amount of revenues at a time when the economy is shrinking?
Sure, if (1) it's way out of line with the typical proportion of government revenues as a piece of the size of the total economy and (2) the shrinking is sustained.
quote:
I'd like to think that the Feds would take in record amounts of revenues when the economy is humming, and not when it is receding.
True. So this may be a sign that when things really do finally get humming again, revenues will be gigantic.
quote:
Is it possible that the tax burden on working Americans is too high and it is hurting the economy?
Of course it is
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