Spending Plans of the Presidential Candidates

But don't worry.  Only the rich will be taxed to pay for all of these promises.  The socialists of the Democratic Socialist Party, who do not actually believe in democracy, have assured us that very few of us will be taxed to pay for all the goodies a much multiplied bureaucracy of swamp creatures and the special interests their handouts will spawn will provide.  We will just tax the producers of wealth in America and hand their money over to politicians and bureaucrats and we will be well taken care of.  No worries.

Reality: You will have to work mighty hard to become one of the special interest factions able to soak up the money unless you want to join the vast majority of Americans in a lower standard of life.  Forget about voluntary associations and acts of cooperation in a free society.  Forget about choosing your own values and dreams.  Forget about managing your own life in accordance with your self-chosen values.

Stop working hard -- if you do, everyone else will just take all you produce, stealing the very hours of your life.  Don't be a slave to government -- go fishing or watch endless hours of TV, or stare at your cell phone all day.  This is the good life according to the many socialists among us.  Any purpose but the pursuit of power over others is pointless.  Is it any wonder the majority of the people will turn to alcohol and opiates in their ideal society, while the ambitious will become brutal savages in the pursuit of the power to deny everyone else their voluntary associations and acts of cooperation?

Socialism only appeals to the unbelievably ignorant, the insane, and the most brutish persons of a society.

Update on 6 March 2020:

Only Sanders and Biden remain of the Democratic Party significant contenders of the spending plans plot above.  Buttigieg, Bloomberg, Steyer, and Klobuchar only wanted federal spending over 10 years of $68 trillion or less.  That was not enough for the modern Democratic Party.  They all failed to acquire enough votes from their highly socialist party adherents.  Biden promises to spend $75.6 trillion over the next 10 years and that might be enough to satisfy enough party members for him to secure the party nomination with the generous help of the party political hack delegates who do not need to get votes.  Sanders wants an unbelievable $139.5 trillion in spending over 10 years.

Sanders wants to spend enough to collapse the federal government.  This is the real revolution he has been advocating.  Collapse the federal government and in the ensuing chaos, create a communist government to take its place.  His passion has always been for the kind of socialism that makes everyone equally poor.  He has never had any use for people who produce the goods and services of the private market.  His is a real passion for socialism and he has no real interest even in stealing from the private sector in an ongoing manner.  No, he only wants to steal all its wealth once.  Once and done.

Biden and the political establishment of the Democratic Party do not want to collapse the government.  They do not want to entirely kill the wealth generating private sector.  No, they are parasites and they have just enough self-interest not to kill their host.  They need the wealth-generating private sector to generate the wealth they will steal and the money they will use to acquire more power over the American people.  These people include most of the media, almost all of academia and the bureaucrats, almost all the lobbyists, and some environmentalists and labor leaders.  They want to maximize the amount of wealth they can steal, which means they have to allow wealth to be generated still.  If they understood economics better, they would allow more wealth to be generated than they will allow and they would actually get away with stealing more, though at a lower percentage.  However, these are also envious people who depend heavily upon getting the votes of envious people, so they have to compromise by maximizing some combination of envy + stolen wealth.

Changes in the Relative GDPs of the G20 Nations over the Last 25 Years

The American Enterprise Institute has an interesting graphic on the relative GDPs of the G20 nations over the last 25 years.  Who's GDPs increased as a relative percentage of the total GDPs of the G20 nations and who's fell over that time?

Note that the European Union as a whole has a membership in G20, but not being a nation is excluded from the chart above.

What I am interested in is the change in the relative percentage of the GDP of the G20 nations over the past 25 years.  Let us look at the fraction of the 2018 percentage divided by the 1992 percentage beginning with the nations that had the highest percentages 25 years ago:

USA, 30.90/31.96 = 0.9668
Japan, 7.77/19.11 =  0.4066
Germany, 5.86/10.38 = 0.5645
France, 4.12/6.85 = 0.6015
Italy, 3.08/6.43 = 0.4790
United Kingdom, 4.18/5.77 = 0.7244
Canada, 2.63/2.90 = 0.9069
Russia, 2.51/2.25 = 1.1156
China, 19.50/2.09 = 9.3301
Brazil, 3.28/1.96 = 1.6735
Mexico, 1.83/1.78 = 1.0281
South Korea, 2.44/1.71 = 1.4269
Australia, 2.11/1.59 = 1.3270
India, 4.14/1.39 = 2.9784
Argentina, 1.02/1.12 = 0.9107
Turkey, 1.36/0.77 = 1.7662
Saudi Arabia, 1.09/0.67 = 1.6269
South Africa, 0.56/0.66 = 0.8485
Indonesia, 1.62/0.63 = 2.5714

If an underdeveloped nation is not determined to shoot itself in the foot, it can commonly make easy gains on its share of the world's GDP over time.  Similarly, the lesser developed nations of the G20 could easily have done so over the last 25 years.  Some of them have, the most remarkable one being China.  India has had the second greatest GDP surge among the G20 nations.  Third place belongs to Indonesia.  Turkey, Brazil, Saudi Arabia, South Korea, Australia, Russia, and Mexico have improved their relative positions in that order from more to less.  The gains of Russia and Mexico are actually very unimpressive.  The losers among the smaller economies of the G20 nations from biggest loser to smaller loser are South Africa and Argentina, though both were at one time relatively leading economies in the world.

Japan and the major nations of the European Union have suffered huge reductions in their significance, while the USA and Canada have seen relatively minor reductions in their relative economic significance.  The least bad performer of the major European Union nations has been the United Kingdom.  France has been the distant second least bad.  The former Axis nations of WWII have done relatively poorly with Germany being only 0.5645 as significant and Italy becoming only 0.4790 as significant.  Japan has many anti-competitive restrictions in its home economy and has a rapidly aging and shrinking population among its problems.

Both Canada and Australia have done far better than the United Kingdom, which I believe has been held back by its membership in the European Union.  If the United Kingdom simply makes a break from all of the European Union's collectivist requirements and bureaucracy, while it will likely do worse for a while as it adjusts to the new reality, it will do much better in the long run.  The United Kingdom should aim to be more like the USA as a dynamic economic power in the world and increase its trade with the USA, Canada, Australia, and India especially.  These are all nations doing comparative well, while France, Germany, and Italy are sinking rapidly.

The EU has smothered itself with many largely irrational safety and quality control policies, which I can see as such from the standpoint of being active in materials analysis and testing.  They are using these policies to suppress goods and services from outside the EU, but the effect is to increase costs and to make local companies lazy and unresponsive in an anti-competitive environment.  In addition, the EU has been following very foolish energy policies and has swallowed the catastrophic man-made global warming fraud hook, line, and sinker, with disastrous economic results.  The inability of the bigger economies of the EU to keep up in economic growth is the result.  The USA, for all of its increased regulations and the many anti-business policies of the Obama regime, has performed much better in comparison.  With Trump decreasing the burden of unreasonable regulations and following rational energy policies, the USA is improving its relative position in the world economy.  We can do even better to the extent that we can arrange truly free trade agreements with nations around the world.

Unconstitutional Rule by Bureaucracy

There is an excellent article by John Yoo and Dean Reuter at AEI on this subject.  I think it is instructive, but not surprising given the general incompetence of our federal government, that there is no authoritative list of all the rule-producing government agencies.  This fits in very well with the fact that the federal government has no authoritative accounting of its assets.  It is not even clear that it knows who it employs.  Yet this unaccountable government expects individuals and companies to be much more accountable than it is.  It is the old "Do as I say, not as I do." rule.  This is the unaccountable, unconstitutional power that adds 80,000 pages of rules and regulations a year that everyone of us is expected to read, study, interpret, check on court interpretations, and find ways to obey in our lives.

Did you do your duty as a peon under this system of governance?  If not, wouldn't you be better off if you required the legislative body, our Congress, to be the sole source of binding rules which we must obey.  Of course, that would not be sufficient either given that our elected representatives cannot be bothered to read the laws they vote for.  We must make them pass a law that no legislative representative may vote for a law they have not read.