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January 06, 2014, 04:35:31 PM |
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As a USA resident, its not the amount of taxes which is so appalling (and it is) as how it is spent. Mostly on the military, where it is squandered through inefficiency (see Iraq/Afganistan) and corruption which reaches all the way up to congress (a part of the B2 stealth bomber is made in all 50 states in the USA).
The amount is rapidly 1 trillion USD per year. If Congress took half of this, and spent it instead on improving infrastructure, education, transportation, networks, robotics, nanotechnology, green energy, medical research, and other 21st century technologies, our country would look radically different a be in a much better place in 50 years. We might even be able to dig ourselves out of the financial hole we are in and bring the entire world economy with us (with Bitcoin leading the way - of course). As it stands currently, Im frightened how our country will look in 25 years, let alone 50-100.
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