It would be interesting to see this chart with ALL the HYPER inflation of late.
If the FEDS stopped giving away and printing money like drunken sailors, which is an indirect form of taxation as our currency devalues thus most everything costs everyone more, we would actually be in better shape. When you earn money by delivering value in an agreeable exchange between buyer and seller (capitalism) then we don’t have this kind or crazy hyper inflation. When the government redistributes wealth by handouts or manipulation of taxes, as they see fit, picking winners and losers, then we get this hyper inflation and a depressed economy (which are certain to follow under these tactics).
No, I am not an phd economist just a an American businessman in the real world.
Of the things I don’t mind paying taxes, which are essential to a prosperous society, include military protection and law enforcement. Protection is the governments core function whether from invading countries, illegal border crossings or disregard for the law of the land. All too common of late is ‘catch and release’ or ‘look the other way’ where as our current leaders regularly ignore or actually administrate these behaviors is unacceptable.