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60 sats \ 4 replies \ @SimpleStacker 10 Apr
Guess how the federal government was financed prior to 1913.
Might wanna be careful with that question though, some heads might explode.
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21 sats \ 3 replies \ @nerd2ninja 10 Apr
How were they funded? Give me the answer. (I think the answer is property tax, but hit me)
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325 sats \ 2 replies \ @SimpleStacker 10 Apr
It rhymes with "guitar riffs"
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100 sats \ 0 replies \ @anon 10 Apr
Context of the size of government at the time is critical to note.
Federal Budget was also only about 2.5% of GDP vs 25% of GDP. And only paid half the budget at that time.
The same amount of tariffs today in terms of GDP would pay for about 5% of the federal budget.
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0 sats \ 0 replies \ @nerd2ninja 10 Apr
No....Sales taxes (on foreign imports) alone? That's crazy.
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0 sats \ 0 replies \ @nitter 10 Apr bot
https://xcancel.com/TheRabbitHole84/status/1909368942390657480
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