John Stossel makes a good point:
during [President Obama’s] trip to Africa, he said: “No business wants to invest in a place where the government skims 20 percent off the top”.
But of course the American government skims off much more than 20%. Federal taxes alone are roughly that, and when you add in state and local levies, plus the burden of regulation, government in America eats at least 40% of GDP.
If African governments’ skimming off 20% is a bad thing, why is America’s 40% okay, and why is the President trying to make government bigger?