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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


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