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Politics : President Barack Obama
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To: Road Walker who wrote (122617)10/4/2012 3:01:29 PM
From: Tenchusatsu  Read Replies (2) of 149317
 
RW,
S&P 500 companies are sitting on record cash. If that cash were to be taxed at, say, 5% a year, you think they might spend/invest it? Which would, in turn, stimulate the economy.
So you're all for a wealth tax.

Or negative interest rates, Krugman-style.

Or inflation by printing money like crazy. Once again, Krugman-style.

All of these "solutions" will punish savings, which of course is anathema to Keynesian economics.

You still refuse to face the reason why companies are sitting on record cash, despite the fact that I have just pointed it out to you.

Tenchusatsu
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