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s1artibartfast | 26 days ago
However, my main point was to refute the idea of some mythical past where the government was massively more funded, and therefore more competent and capable.
This also ignores the effect of the growing pie over time, but that is somewhat a tangent.
If someone is referencing back to the 1930s tax rates, those total receipts were closer to 10% of GDP when things like the Hoover Dam and Interstate System were being built.
Today, the rates are closer to 30% and the GDP being taxed is 25-30 times larger, controlling for inflation.
To me, this suggests that the reason we can't perform infrastructure projects is not lack of funding
s1artibartfast|26 days ago
These are the proportions we are talking about. It begs a lot of questions.
Are the projects really comparable? Did competence change? Did the working environment?