[Previous] eek it's Monday | Home | [Next] movie review - Getting There: Sweet 16

tax cuts

why are tax cuts good for the economy? the common wisdom says b/c they leave people with more money, so small businesses can hire more workers, and consumers and buy more.

however, when the government taxes money, it doesn't disappear. the difference is the government spends it. it still gets spent.

therefore, government must be spending the money in a way that is less good for the economy than the way avg ppl do.

which, of course, government does. what small business would give away money to artists or poor people? businesses use money productively or go out of business. government doesn't.

Elliot Temple on November 2, 2004


Want to discuss this? Join my forum.

(Due to multi-year, sustained harassment from David Deutsch and his fans, commenting here requires an account. Accounts are not publicly available. Discussion info.)