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And what followed soon after? The burst of the dot-com bubble. Natural UE is around 5%, lower than that isn't necessarily better.
That chart shows pretty good what occurred after the dot com bubble popped and then the housing bubble. Now we have the mother of all bubbles the government bubble ready to pop. The chart won't be turning back up after that one. Nobody seems to care though.
>I'm in favor of an absolute flat tax on all income.no deductions.no exemptions.no EITC.paid from dollar one.<
Intersting POV. However, a family of 4 with 30K income does not get half the "marginal utility of life" that the 60K income family gets. It is very difficult to quantify the unquantifiable but for example:
The 60K family wont live next to a drug dealer or twenty, drive a POS car, live in a neighborhood where cops dont bother showing up for anything less than a body in the middle of the street....
still amused by those who still ignore payroll taxes.
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