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dschobel | 13 years ago

Societies are complex systems and managing them efficiently is actually (gasp) quite difficult.

This is _precisely_ the core tenet of conservative fiscal policy. The idea of coordinating any economy of non-trivial size from a central position is a fool's errand and invariably puts drag on the economy.

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seanmcdirmid|13 years ago

The USA is hardly a very centralized system; a lot of taxation happens at the state and local levels, while spending as a share of GDP isn't crazy compared to other developed countries (who mostly consider us very conservative). From some cruddy numbers I found via a quick Google; if someone has better numbers, please share, Federal government spends 25% of our GDP, state/local another 15%, we spend 60%. Of course, we spend money we haven't earned (lent from other countries), so say the federal government taxes at about 15% of the economy (states/locals don't go into debt as much, so they are probably roughly event at 15%). T

Sources:

http://www.usgovernmentspending.com/us_20th_century_chart.ht... http://www.politifact.com/virginia/statements/2011/apr/22/ma...