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As has been noted elsewhere on HN, helicopter money isn’t actually that non-conventional: tax breaks/rebates are a pretty standard way to goose the economy, but
by cirgue 8y ago
As has been noted elsewhere on HN, helicopter money isn’t actually that non-conventional: tax breaks/rebates are a pretty standard way to goose the economy, but you’re right in that anything past that is sort of terra incognita in the US.
- tabtab 8y agoTax breaks mostly flow to the wealthy, since the poor pay very little income tax. And the wealthy tend to sit on cash during slumps. Thus, tax-cuts are not the best stimulus. The best stimuli are those that flow to the middle and lower classes, who are more likely to re-spend any gains, cycling money quicker into the economy.
- SubiculumCode 8y agoTax breaks are different as they do not create new money. Tax refunds can however.
- SubiculumCode 8y agoThe problem with zero percent is that it allows corps money too easily, which can lead to sloppy capitalism.