Posts Tagged ‘Contributions’

Societal Allocation of Resources

With the proposed FY 2023 federal budget, government expenditures will grow to roughly 23% of the $26 trillion US Gross Domestic Product. Even with the proposed substantial annual tax increases on high-earners’ incomes, the offsetting tax revenues are insufficient to avoid a perpetual trillion dollar deficit each year, amounting to 5% of US GDP. This […]