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Posted On: 02/06/2021 9:44:46 PM
Post# of 126979
Hey economic illiterate, raising taxes is not the same as printing money.
But go back to the article; the following points are accurate and verifiable....voodoo economics IS magical thinking.
Read More: https://investorshangout.com/post/view?id=604...z6lkWjYySY
But go back to the article; the following points are accurate and verifiable....voodoo economics IS magical thinking.
Quote:
Republicans have a few basic assertions they make about the economy.
One, that tax cuts always stimulate activity and pay for themselves.
Two, that we should let the market find solutions to problems, and if problems persist, well, the market has decided in its wisdom that they deserve to persist, hence they’re not even really “problems” but simple facts of economic life (inequality, notably).
And three, that government spending will almost always be wasteful and do more bad than good.
All three are lies. First, we’ve seen over and over and over again that tax cuts, especially for the rich, do not pay for themselves. They balloon the deficit. All. The. Time .
Read More: https://investorshangout.com/post/view?id=604...z6lkWjYySY
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