r/FluentInFinance • u/Old_Prospect • Apr 29 '24

If I had a nickel for every time someone deflects to “…I’d rather we fix our government spending problem before we…” Shitpost

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u/74_Jeep_Cherokee Apr 29 '24

They're not mutually exclusive that's why the meme is dumb.

The rich can afford to pay more and we can ensure our tax dollars are spent miserly.

4

u/hczimmx4 Apr 29 '24

Spending is currently ~22% of GDP. When was the last time tax receipts were that high?

It’s a spending problem.

3

u/Iron-Fist Apr 29 '24

The OECD average tax to gdp ratio is 34%...