Since We're Feeling All Governmenty

Over at HotAir.com, in a thread of comments, a fella named Theophile makes a suggestion:

1. From this point forward, the annual budget of the Federal Government cannot exceed 10% of the Gross Domestic Product for the previous calendar year. This includes all spending.

2. The government cannot tax at a rate of higher than 15% of the Gross Domestic Product. Once the government has used the excess of collected taxes to pay off the debt and set aside no more than three years worth of budget as an emergency fund, then the tax rate must drop to 10%. Should an excess of taxes be charged any particular year, then the excess should be returned to each taxpayer para pursuant to the taxes that they paid.

by Brett Rogers, 3/21/2009 6:34:37 PM
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