Yes it is feasible to have smaller government.
Not too long ago Ron Paul came up with a budget to reduce the filthy Federal budget by a trillion a year while still maintaining a growth in defense, SS and Medicare.
Just think how much stronger this country would be economically if that trillion was returned to the taxpayers and spent in the productive economy.
We could have a great Federal government doing all the necessary things it should do for a third or fourth of what we spend now.
Just think how much stronger this country would be economically if that trillion was returned to the taxpayers and spent in the productive economy.
Well, per the premise of the thread, that "trillion" would logically go to the top 20% who would not spend it in the economy. Rich folks are already rich. They don't need a tax cut to spend. They can already spend what they wish at anytime.
What we need is higher wages. The govt wouldn't then have to subsidize those folks.
Everybody in this country needs a tax cut, especially the people that earned the money the ******* government taxes.
That top 20% are the job producers in this country.
I am actually in the top 20% of income earners in the US. Before retirement I was in the top 10%. Thanks to Trump I am getting an almost $3K reduction in income tax this year and I will spend it in the productive economy instead of giving it to some stupid bureaucrat to give to some filthy ass welfare queen or Illegal or waste on some worthless no benefit government program. If the federal budget was reduced a trillion a year and I got a corresponding reduction in taxes I would have a lot more money to spend to stimulate the productive economy.
The country is not more prosperous when the stupid government takes money from the person that earned it and then gives it to a person that didn't earn it. You usually learn things like that in Economics 101. Liberals don't understand Economics, do they?
That top 20% are the job producers in this country.
Nonsense.
Nonsense? How many of the bottom income people, produce jobs? How many poor people have offered you full time jobs? Do tell. I can't wait to see your statistical numbers of how many poor people create long-term jobs in the country.
Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.
Yes, actually there are.
Was there no demand for a walmart like store, for decades before walmart existed? Yes there was.
So why didn't walmart like stores magically pop out of the grounds, and spontaneously exist?
Because you need rich people. The average walmart costs $10 Million, before hiring employees, buying product, and opening the store. Before a single sale to one of your consumers, millions must be spent.
Do tell... please explain how a store can open without a rich person?
You can't, because it is impossible.
Just like there is demand for oil or all energy, in Venezuela, and because the government has driven out the wealthy.... oil production has fallen. Electricity production has fallen.
Demand is there, for sure.
https://abcnews.go.com/beta-story-c...tage-leaves-hospitals-power/story?id=58556615
And yet you have wide spread power outages. Why isn't the demand for power, magically creating power plants to pop into existence?
But it can't be because the wealthy have left the country. Nope, that can't be it. Can't be that no rich person will invest into a power company, when the government is nationalizing companies.
You show me one impoverished poor person that hired even one full time employee, and I'll believe you.
Otherwise you are full of crap. The rich create jobs. Period. No amount of demand on the face of the earth will create a job, until there is a rich person who can pay the wage. Without that person.... nothing happens.
There are plenty of nations that have tons of demand for things, and no jobs.
Even if you look at China, you can see this. There was a story about a guy that built a company supplying metal roofs to peasants. Why didn't he supply roofs in the decades before the 80s? Because he wasn't able to build capital and become wealthy. Without a reason to do it, why do it? The demand for roofs was always there. People shockingly, don't like being rained on.
When he was free to run his own business, make money, and hire people, he did so.
Capitalism always works. Rich people always create jobs and wealth.