A little hard to spend if all tax increases always decrease revenue. You see the problem? This made up hoax has bothered me for a while and I used to argue about it alot. One told me when he gets a tax cut like FICA he spends it ( right !) and it stimulates the economy. That's looks like Keynesian stimulus to me.
That's not what I said. I think tax increases can decrease govt. revenue, but with these clowns in charge, even if they do increase revenue, it encourages more spending.
One told me when he gets a tax cut like FICA he spends it ( right !) and it stimulates the economy. That's looks like Keynesian stimulus to me.
That's as silly as the notion that tax cuts are "beneficial government intervention," as one Keynsian told me. I am in favor of lower taxes and lower spending, but I think it would have been better not to have higher taxes in the first place, rather than endless government tinkering.
I am extremely cynical about the idea that more taxes lead to lower deficits. It's theoretically possible, but look at the history.