Taxes and Spending: Daniel J. Mitchell on the Libertarian State of the Union

[MyNameMightBeBen]

But in the pre-Reagan tax system, the government took $19 billion out of $36.2 billion; over 50% in total taxes. After the Reagan tax cuts, the government got $99.7 billion out of 353 billion; about 28%.

So over all, the Reagan tax cuts resulted in the government getting proportionally less money (there were 7 times as many "rich" people in 1988 than 1980, but the government only got 5 times as much money).

The tax code is flawed, but tax cuts still inevitably result in less money.

[ariesrapid]

@MyNameMightBeBen Why do you believe there were so many more rich people just 8 years later?

[a4finger]

Dan Mitchel is awesome!

My school is trying to start up a Youth for Ron Paul organization. I would love if Dan Mitchel would come as a guest speaker.

[stevemcgee99]

By the way, Mitchell - you're the best. I know you will, but I want to encourage you to keep it up.

[ThisMachineKillsReds]

All government is a tool of social engineering. Anarchy or fail.

[rockandrock44]

lol @ 8:36

[SeppLainer]

Where can I find copies of the tax charts in this video?

[helltrackrider]

Anarchy response to State of the Union...

Fuck authority, Fuck rulers.

Let respect, morality and voluntary interaction be guidances in everyones life.

[ravensnaketotem]

@helltrackrider great concept simple problem not everyone is respectful or moral in their interactions.

[helltrackrider]

@ravensnaketotem

...to which future interactions would reflect and society would respond.

Or...we could point guns at everyone, rob everyone, encage peaceful people for voluntary interaction that is somewhat disagreeable to a society indoctrinated by mythical - religious nonsense...of which they base their "moral" compass (when it fits - seeing as they neglect all the evil within religion)...

Which seems more logical?

[thegreatlordkaiser]

first? this has never happened to me before... i don't even like those clowns that "first" stuff.