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Giuliano Giacaglia
@giu
Friedberg hits the nail on the head here: "When you add this all up, there's over 120 million people in the US that are directly working for or getting paid by the federal government in the US. That is such a significant percentage of our economy. I don't wanna use the term socialism"
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androidsixteen
@androidsixteen.eth
Two questions: 1) Why does he include the stat of 50%+ tax going to govt as evidence for people "working for the govt"? When this country was arguably more capitalist, we had top tax brackets of 50+% 2) Where do you think this all goes? Like does US GDP just continue to creep down due to the loss of productivity?
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Ed
@eds
No idea how to fix this. Even if, as one of them suggested, we "freeze spending," spending will continue to go way up due to boomers aging into social security much faster than the workforce replacing them.
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Ben - [C/x]
@benersing
Don’t even get me started about the healthcare industry. We tell ourselves there are free market forces at work, but…
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Antonio García Martínez
@antonio
The US is about as socialist as Europe, it's just more inefficient in its implementation.
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greg
@gregfromstl
Friedberg gets more libertarian every episode I love it
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ryen 🎩
@ryen
tbh the size of the USG isn’t the problem, it’s the lack of state capacity / poor capital allocation that’s the problem
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JarHead 🎩
@jareds
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