Ms. Meeker says that the country’s expenses — think programs like Medicare, Medicaid and Social Security — outstripped revenue by 56 percent. That compares with a difference, or what she calls net margin, of just 7 percent 15 years ago. And tax breaks exceeded $1 trillion last year, which she argues accounted for 83 percent of the deficit in cash flow.
Ms. Meeker adds a few more points to her latest USA Inc. presentation as well. She cites a Pew Research Center poll from December that showed that 49 percent of adults aged 18 years to 29 years viewed socialism favorably. And she points out that the United States tax code contains 859 times more words than the Constitution.
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