--- Jacob W Braestrup <[EMAIL PROTECTED]> wrote: > I guess the idea is that some state activities: secuiring a market, > prtecting property, etc. promote economic growth... > The share of GDP spent on the "core" activities of the state is > roughlty around 20 percent of GDP > - jacob
But some of these activities would be unnecessary in a pure free market, e.g. there would be no need to "promote" growth, because it would not be hampered in the first place. Secondly, even given core spending, this need not be as a tax on general income or sales, hence the 20% would not apply. The optimal rate for growth is a marginal tax rate of zero. Fred Foldvary ===== [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? LAUNCH - Your Yahoo! Music Experience http://launch.yahoo.com
