On Wed, Aug 25, 2010 at 4:05 PM, Judah McAuley <[email protected]> wrote: >
> You could have a huge GDP but if you don't tax it, > you can't service debt period. This puts a greater perspective on not > just the size of a countries GDP but also its ability to generate > revenue from it. A small country with a higher tax rate may have a > higher revenue stream (and therefore ability to service debt) than a > big country with a very low tax rate. I like that chart. It makes clear how we need to slash spending to pay down our debt and get our financial house in order. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:326033 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
