Anyone convinced that government has grown much larger should review this chart of government spending as % of GDPhttp://bit.ly/2lQcv3W
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The really interesting thing that chart proves is that the high tax rates of mid-century are a myth.
I.e. though rates were nominally high, people found ways of avoiding taxes over a certain (remarkably consistent) point.
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@paulg@timoreilly Tax avoidance has a fixed cost floor (tax accounting advice). If tax due >> cost of avoidance, it’ll all be avoided.Thanks. Twitter will use this to make your timeline better. UndoUndo
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