Thread: I propose that Reagan wasn't as cool as FC thinks he was.
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Unread 07-24-2011, 07:28 AM   #65 (permalink)
DJ FC
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Originally Posted by Repugnant Abomination View Post
True, but misleading. Reagan increased taxes - the country's GDP just grew that much more. He also compromised with the loyal opposition. If he were around today he wouldn't meet the GOP's "purity" ideology.
How the fuck is looking at the amount of tax as a percentage of GDP misleading?

Its significantly more misleading to talk about tax revenues in absolute dollar terms. The 70s and 80s saw some gnarley inflation and the 90s had some phenominal GDP growth (helped along by Reagan era legacies) so of course the government tax revenues are going to go up nominally.

To claim that looking at government tax receipts as a percentage of GDP is misleading is pure ignorance. Its the least misleading possible way to consider the issue!

The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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