Quote:
Originally Posted by bobman0330
How big of a slice of the pie are we talking about though? Federal government spending in the US is like 20% of GDP. Say we add 10 percentage points for state and local and then bump that number 10 points to 40%. The UK government spends 40% of its GDP, and they've got crazies giving them Brexit. Say we bump it another 10%. Then we're level with France, where Marine Le Pen is leading in most polls for next year's presidential election. I haven't researched this, but I'm pretty confident France is the developed country with the biggest government, so we're pushing up towards a ceiling here.
Thinking about it, I think they need to give up that pie much more directly. They have to share more of the pie at source.
E.g. They have to share more of profits derived from their workforce = raising wages.
This also has numerous political advantages as it does not enter into big government, taxation etc.
Elites have to realise they cant pie hog so much without potential blow backs that pose risks to the whole pie making machine.
This type of re-negotiation of the social contract has been going on since the industrial revolution. Most of social democracy/social welfare has been won on the back of keeping the pie machine stable.
Last edited by O.A.F.K.1.1; 11-09-2016 at 10:28 AM.