Skip to main content

View Diary: Killing Sacred Liberal Cows, or What Economists Think About the Economy (105 comments)

Comment Preferences

  •  home tax deduction (2+ / 0-)
    Recommended by:
    FishOutofWater, Roger Fox

    The economists say the home deduction is unfair to people who rent.  They don't take into account that the apartment owner gets a tax deduction for his mortgage and so could pass on the lower operating costs to the tenants.  So they do benefit.  There isn't any indication that cutting taxes on businesses causes them to hire more workers or improve their products.  Businesses already hire the number of workers they need to meet demand, and make the best product they can.  If yo cut their taxes, they simply make more profit which today is normally split between (low taxed) dividend payments and higher bonuses to upper management.  
    Basically the economists have no idea how money really moves.  

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site