Zerohedge, as opposed to any of those organizations that are supposed to at least to pretend to provide at least a modicum of research and analysis (e.g. MSM newspapers and network television), has revealed the primary driver of recent GDP growth:
And the absolute shocker: of the $89.1 billion increase in Q4 GDP in chained-dollars, healthcare was $35.3 billion of that, or 40% of the total.Pretty neat trick. You impose a mandatory tax and have the benefit of being able to run it through the US income statement.
So basically the more you tax people the faster the economy grows! Brilliant.
Now we know where Americans spent all their "gas savings"...