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View Diary: Riding a populist wave toward 2014 (224 comments)

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  •  raising taxes on rich can be stimulative (3+ / 0-)
    Recommended by:
    Pluto, Calamity Jean, Dallasdoc

    the government can spend that money more effectively than the rich can.

    for most of our  rich people, this is "extra money" that may well be saved/offshored, not "essential money" that would definitely be spent.

    the real anti-stimulative issue is the end of the payroll tax cut. THAT takes money straight away from people who spend it. I didn't like the tax cut because it destabilized Social Security, but it was stimulative.

    An ambulance can only go so fast - Neil Young

    by mightymouse on Thu Jan 17, 2013 at 10:32:01 AM PST

    [ Parent ]

    •  Sure (1+ / 0-)
      Recommended by:
      mightymouse

      there are other ways to stimulate the economy, but that doesn't mean that tax hikes (on the rich or anyone else) don't have an anti-stimulative effect. Why exactly do you think that the government needs to fund additional spending with new tax revenues (at least, in our current situation)? Can't we both keep taxes low and spend more?

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