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Originally Posted by DaytonBuck
I agree. I was referring to the tech bubble being a greater generator of revenue for the government than the housing bubble.
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It wasn't so much the stock market bubble as the increase in productivity brought on by the revolution of information technology. The workers of the economy became more efficient, and produced more as a result. And the higher wages translated into higher tax revenue. Also don't forget that defense spending went down dramatically after the end of the cold war, and social entitlement programs weren't such a burden yet.