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Politics : View from the Center and Left

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To: Steve Lokness who wrote (255089)

7/6/2014 11:40:45 AM

From: koan

Read Replies (1) of 542007

<<<< and stimulates the economy >>>>

I understand that koan, really I do. BUT when you take money out of people's pocket (a tax on all of us) they have less money to spend which which does the exact opposite. It slows the economy down. There is not an economist in the world that would disagree with that point - including Krugman.>.

Steve, it depends on whose money it is. If you are taxing the rich, or even borrowing and then spending it on say infrastructure (stimulus) that is not going to slow down the economy. It will help the economy in down times.

But the money must be paid back in good times.

But some times you just need to tax just to keep the society functioning e.g. the middle class.

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