- In 1912, the US spent just over 1% of GDP on defense (13% of Federal spending); now, 4.6% (22% of Federal spending).
- In 1950, corporate income taxes were 26% of revenue; now, 7%.
- Excise and especially estate taxes were 20% of revenue in 1950; now, excise taxes are 3% and estate taxes just 0.7%.
- If you spend more money on defense, and let the rich lower their tax burden - well, the money has to come from somewhere.
Thus, We The People get to open our wallets.
No, wider.
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