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The Importance of Increasing Tax Revenue
Tax revenue over a 50-year period is roughly around 19 percent plus or minus 2 percent. You can only get so much blood from a stone you can try to raise the top marginal rates, but then rich people have an incentive to find more tax protected strategies. I think federal spending Should be in the low 20s. I think you want tax revenue to be in the high teens 19You can have a small deficit those are the conditions for economic growth jamaath Any thoughts on our way out?