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ProSense

(116,464 posts)
4. This
Thu May 24, 2012, 01:38 AM
May 2012
Now then... should the Bush tax cuts be extended? If they are all allowed to expire the US economy will shrink as a result. If they are allowed to expire only on income over $250K the US economy will still shrink as a result, but much less so.

That does not answer the question, of course. Say ending the Bush tax cuts on income over $250K generated $500 billion. (A round number for an explanation, not a real figure.)


...is nonsense. Clinton raised taxes in a recession and the economy still grew. Bush cut taxes in a recession and screwed up the economy for decades.

It's not cut and dry, and tax cuts for the rich are the absolute worst.

Recommendations

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True, Sir The Magistrate May 2012 #1
oops you forgot links to support the claims made herein. on well nt msongs May 2012 #2
Any economics textbook not written by a teabagger would suffice. cthulu2016 May 2012 #3
This ProSense May 2012 #4
Please publish your awesome refutation of Keynes cthulu2016 May 2012 #5
No ProSense May 2012 #6
not exactly true, is it hfojvt May 2012 #8
And... cthulu2016 May 2012 #10
no it has not hfojvt May 2012 #14
I agree SoutherDem May 2012 #7
Yes, you are correct. cthulu2016 May 2012 #9
Thank you for the reply SoutherDem May 2012 #12
You may wish to explore the idea of "market socialism" as a whole, if you have the time. Selatius May 2012 #16
You understand Keynes' teachings to a degree that is refreshing here. Selatius May 2012 #11
Public works program. SoutherDem May 2012 #13
Thank you for a very coherent and nuanced discussion coalition_unwilling May 2012 #15
Kick nt woo me with science May 2012 #17
Latest Discussions»General Discussion»Avoiding the simplistic, ...»Reply #4