| Taxes are not very high in the US. We have about 26.9% total tax revenue (which I will abbreviate TTR. TTR is measured as a percentage of GDP)[0][1]. I hate seeing this statement thrown out as if it is fact. We have very low taxes comparatively, especially given our status as a highly developed and competitive economy. We are #7 on the Global Competitive Index, behind Switzerland (29.4% TTR), Singapore (14.2% TTR), Finland (43.6% TTR), Sweden (47.9% TTR), Netherlands (39.8% TTR), and Germany (40.6% TTR) [3]. Sweden, the Netherlands, Finland and other countries that are close below the US have socialist governments. As much as hip, intellectual go-getters who read Ayn Rand would love there to be no government, it's simply not feasible. It may be great in theory, but it's not great in practice. However, I do not know much about the Ayn Rand's entire philosophy, so I wont comment on it further. I do know that most people who blindly latch on to some of her ideas don't truly understand her philosophy. Half of that 'regulatory capture' you refer to is because of private interests lobbying for government restrictions. The will of the free market may drive such anti-competitive practices by private interests out of business eventually, but humans do not operate on the long term. Regardless, the point of this post is that even if you thought you opened up your eyes before to the realities of the world and exactly how it should work, I invite you to take a step back every now and then and reevaluate your philosophies. [0]http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenu...
[1]http://www.taxpolicycenter.org/briefing-book/background/numb...
[3]http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport... |
So, 27% of the economy is shifted towards government, which is almost entirely consumption, not production... that's a massive amount of waste. I mean, it's 27% of the entire US economy! Of course, you probably interpret the utility of this shift differently than I do. No need to argue ideology here.
> As much as hip, intellectual go-getters who read Ayn Rand would love there to be no government, it's simply not feasible.
As an Objectivist (i.e. I agree with Ayn Rand's formal philosophy), it is not "hip." It's incredibly painful to be a small minority that is treated with disgust by people who can't even state what they actually disagree with. This is my experience living in a college town in the US. It's a perfect way to be ostracized. Even, say, Paul Ryan Republicans who claim to like Ayn Rand will tend to personally reject me, since I'm an atheist.
> read Ayn Rand would love there to be no government
This is just technically incorrect. Ayn Rand was actually a very strong defender of government over anarchy. You clearly have no idea what you're talking about.
> I do know that most people who blindly latch on to some of her ideas don't truly understand her philosophy.
It's true that this is a problem. But it's a problem with those people, not with her philosophy.
> Half of that 'regulatory capture' you refer to is because of private interests lobbying for government restrictions.
Yes, there are lots of evil businessmen who seek regulatory capture. In fact, a main character of Atlas Shrugged was one such. That's why we need to keep government out of the business of business.
> I invite you to take a step back every now and then and reevaluate your philosophies.
This is an intellectually irrelevant pretension on your part. I've spent ten years actively obsessed with figuring out philosophy.