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by kumarvvr 1944 days ago
> How much of your $60,000 did you see?

For that, you need to calculate the cost of every US govt program and calculate usage costs. Very complicated.

However, this statement is confusing to me. Do you agree to a bailout, as a society, to eventually get all of it back?

And, I also take issue with 100M tax payers. Are these Individual Income Tax payers? If so, what about all the non income tax payers and companiss that pay taxes? For every item you buy, some amount goes to the government in the form of sales tax.

And ultimately, what does the govt spend money on? You and your fellow citizens. Sure, now you are in a position to say you pay more taxes than the govt provides services, but if your kid turns out to be poor and homeless, the govt ought to take care of them, and they pay no taxes while enjoying govt services. So if you compute what you get back, would it be fair to say you have to take multi generational values?

2 comments

I agree that it could get fairly complicated but these seem like the two propositions to me:

Un-normalized: $6T + interpretation + understanding + doubt that it's really $6T.

Normalized: $60k (get the GAO to provide a standardized number) + interpretation + understanding.

I get that it's imperfect but I have a hard time understanding how the "un-normalized" version is more-perfect or more comprehensible than the "normalized" version.

I suspect politicians would hate my suggestion: they've acclimated us to nonsense numbers. Per Dirksen (maybe): “A billion here, a billion there, and pretty soon you're talking real money." Again, I'm not pro/con high-speed rail but: CA probably has 15M taxpayers; estimates of high-speed rail ranged from $30,000M-$100,000M; how in the world was a CA taxpayer to recoup $3,000-$10,000 of cost? Put in those terms, it's a lot easier for me to think about the proposition.

I definitely think a Covid bailout was necessary. I do have some questions about where my $60k went...

For the most part, sales tax is a state and local tax and so doesn't affect federal receipts.