Rep. David Schweikert lays out the facts – an outstanding presentation on why we MUST get government spending under control. Raise taxes? He points out that at high marginal tax rates, the government tax rate was effectively about 17% – at low marginal tax rates, the tax rate was effectively about 17%. This is because people’s change their behavior in response to tax policies – and higher tax rates do not necessarily lead to higher government revenue.
The problem is the government is the least efficient form of economic activity in the United States. And we are learning from DOGE that not only it is inefficient, it is ineffective and possibly laced with laundering government (taxpayer) money to illicit organizations.
Almost no one in the media reports on this accurately – instead the media writes gossip “he said, she said” stories that miss everything, and sob stories about Federal workers laid off (at least 40,000 private sector workers were laid off last week – but not a peep from the media.)
This is the most important video you can watch right now. This video explains why making government efficient and effective is necessary for the future of the United States. If we do not resolve this, children born today will be poorer in two decades.