Larry Summers: Congress should raise taxes to fight inflation ‘right now’

NY Post ^ | July 22, 2022 | Thomas Barrabi

[Paladin2]

No, not taxes, interest rates.

[beekay]

What an a**. Inflation is already a tax increase.

[Secret Agent Man]

Can’t tax yourself out of a bad economy.

Doesn’t work that way.

Also, can’t tax yourself into prosperity either.

[Paladin2]

Why hasn’t Larry sent all of his wealth in to the US Treasury?

As an example for others if he is so sure of his prescription.

[Brian Griffin]

If my dentist pays more in tax, I will pay more in fees.

[neverevergiveup]

So they deny that cutting taxes stimulates the economy, but they admit that raising taxes cools it. Brilliant.

[Arcadian Empire]

America should

1. End the boomeranging suicide sanctions to improve things short term

and

2. Accelerate the development of domestic energy sources to improve things longterm

[Brian Griffin]

“another means of cooling the economy”

The likes of Bill Gates and Warren Buffett don’t seem to be in the market for the types of stuff I would buy.

[BenLurkin]

Excellent observation!

[ealgeone]

It’s never cut spending....never.

[Brian Griffin]

“with a focus on corporations and wealthy Americans”

Are two 64-year old California teachers who own a 1500 square foot home in suburban LA and have 40 years of pension qualification years each wealthy Americans?

[Repeal The 17th]

“...former Clinton administration Treasury Secretary...”
-
Whose opinion is worth ... nothing.

[PubliusMM]

an economic and intellectual illiterate...

[stevem]

I thought Summers was smart, relatively.

[Tell It Right]

I wish there was a woman available to do the math to double-check Summers’ findings. But he says those women don’t exist. LOL

[Fungi]

Stupid bastard. Has he ever once called for reduced spending? The spending will never stop as long as the deep state exists. Stop basline budgeting, reduce every alphabet federal entity by 20 percent per year until the budget is balanced. Freeze federal hiring. We send a dollar to Washington to get 10 cents back in real production--if that. This will never stop. STOP SPENDING, stop foreign aid, stop midnight basketball, the legal services corporation, STOP SPENDING!!!!

Remember this: He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance. Guess where that is from?

[blackdog]

Give em a buck they spend five. Nope.

[CapnJack]

NO ... what to do is CUT CUT CUT Gov’t spending!

STOP the unnecessary and and Un Constitutional spending!

No more money for foreign aid, foreign wars.

And that is just for starters.

[taxcontrol]

The idiocy is strong with this one.