Party Politics: How Conservatism Lost Touch with Reality - TIME

Party Politics: How Conservatism Lost Touch with Reality - TIME

Wow. This is so wrong on so many points it is hard to know where to start.

Time says: "Taxes — federal and state combined — as a percentage of GDP are at their lowest level since 1950. The U.S. is among the lowest taxed of the big industrial economies. "

Source?!?

The Cato Institute says ONLY Brazil, Uzbekistan, Chad, and Argentina have higher corporate tax rates.

The Heritage Foundation says "U.S. tax rates are burdensome. The top income and corporate tax rates are 35 percent. Other taxes include an estate tax and excise taxes. Additional income, sales, and property taxes are assessed at the state and local levels. In the most recent year, overall tax revenue as a percentage of GDP was 26.9 percent." Other interesting scores tax revenue as a percentage of GDP? China=17%. India 17.7%.


Time says, "Meanwhile, across the globe, the world's fastest-growing economy, China, has managed to use government involvement to create growth and jobs for three decades"


Since when does correlation prove cause? What would China's growth rate have been if the government hadn't been involved? Much higher I suspect.