mcdroste
0p6 comments posted · 0 followers · following 0
14 years ago @ Big Government - If the ‘Rich’ Are ... · 7 replies · -7 points
That's actually not true, at all. In fact, there have been *so many* studies affirming this and *so few* that substantially rebuke it that if you believe in the existence of tests for statistical significance (it's not liberal hogwash, I promise), whatever bias might have been introduced by individual researchers should be filtered out by now. There is definitely still plenty of room for disagreement regarding certain types of tax cuts and the multipliers associated with them - but there is no room whatsoever to argue that government expenditure could have a net multiplier of less than one (that being the effect on overall output should be greater than the government expenditure going in). That's incorrect, sorry.
14 years ago @ Big Government - If the ‘Rich’ Are ... · 1 reply · -3 points
14 years ago @ Big Government - If the ‘Rich’ Are ... · 3 replies · -6 points
14 years ago @ Big Government - If the ‘Rich’ Are ... · 0 replies · -3 points
14 years ago @ Big Government - If the ‘Rich’ Are ... · 1 reply · -4 points
Oh, that's right. The 2009 budget was much higher (about 400 billion, if you'd like to be a little more approximate , and that's not including hundred billion plus spent on the Iraq War every yearthat wasn't actually tallied on the federal budget until 2010) I'm not Bush-bashing at all here, by the way - everyone (except Congressional Republicans) recognizes that fiscal multipliers <do> exist and that decreasing government revenue/increasing spending is one way (though the efficacy may be debated all day) to stimulate aggregate demand.
Meanwhile, one could've simply taken a look at a chart of the national debt and pinpointed the efflorescent rise to the early 1980's - you know, ERTA.
14 years ago @ Big Government - If the ‘Rich’ Are ... · 0 replies · -3 points
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
~ Your hero