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huragok | 5 years ago

Trillions used for the GND is debt but trillions sunk into tax cuts for the top 1% is just good economics.

discuss

order

rmk|5 years ago

Incurring debt != Foregoing revenue via income tax

JoBrad|5 years ago

They have the same outcome, though, relative to future debts. Isn't this a distinction without a difference?

sudosysgen|5 years ago

It's actually pretty much the same. As long as the government programs you are funding aren't too wasteful - and if they are the solution is to fix the waste - incurring sovereign debt is not that much different from foregoing revenue. The difference is that if you forego revenue from the top 1% you get worse outcomes than if you tax them or cut useful government spending or print debt.

marcosdumay|5 years ago

Huh? Obviously they are different things, one is consequence of the other.

splintercell|5 years ago

Unironically, yes. Remember tax cuts isn't money just given away, the 1% didn't cause the spending part of the equation. You just think 1% should pay that tab.

sudosysgen|5 years ago

Taxation also doesn't reduce spending, often it causes more spending to occur than if it wasn't taxed.