[[This post is not about computer games]]
Reading US media and the lovely comments sections, there's something I don't get. About half of you people seem to think that raising taxes has a bad effect on the economy. Laffer curves and things like that. Now, I agree that 100% taxes is bad for the economy.
But for realistic tax rates, there's really not much of a relationship.
Want proof? Just have a look outside the US.
A Swedish web site or Wikipedia
Let's take Denmark as an example. They lead most lists by 'stealing' about 50% of their citizens' income a year. And here's the 2010 GDP: $56,147 per capita.
The US 'steal' 24% of their citizens' income each year. Their 2010 GDP: $47,284 per capita.
You can compare GDP in PPP terms to get less extreme results. But the truth is: I have a sister in the US and their standard of living is just the same we have in Germany. But here the taxes are a lot higher. I payed 50% in taxes and social security contributions last year.
Yet Germany's economy soars, matching annualized 6% last quarter. Unemployment has never been lower in re-united Germany than today.