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Cthulhu_today at 7:37 AM1 replyview on HN

Politics, money allocation, taxation, etc. The US had a golden age last century and is now in decline. It can still bounce back but it needs a political and legal revolution, in this particular case, it needs to tax the wealthy and spend it on municipal improvements.

But that's socialism / liberalism and apparently that's terrorism now.


Replies

somenameformetoday at 8:14 AM

This is a bit of a tangent, but government revenue has skyrocketed in recent decades. Here is an inflation adjusted table. [1] As a percent of GDP it's been fairly stable since the end of WW2 [2], and dramatically higher than prior. But that understates reality because it excludes deficit spending which has increased exponentially since then. So the government is collecting and spending substantially more than back in the golden age, even after accounting for population/economic/etc growth.

[1] - https://usafacts.org/answers/how-much-does-the-us-federal-go...

[2] - https://fred.stlouisfed.org/series/FYFRGDA188S