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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (255104)	7/7/2014 4:08:01 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 542004

<<<< 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.>>>> Koan! It was the gasoline tax that Krugman proposed raising. THAT is not a tax on the rich. It is a tax on all of us. You're missing the point here; yes yes yes, infrastructure spending creates jobs and is a stimulus - I have said that. Tax increases on the masses de-stimulates spending and jobs by every single definition of keynesian spending you will be able to find. So my point was that the net effect is no stimulus. ..............AND, I agree with Krugman that this is a good idea, but it sure as hell isn't a keynesian idea.