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That theory is called “starve the beast” wherein tax hawks seem to believe shrinking the federal budget is simply a matter of cutting taxes and engaging in brin
by wbsss4412 5y ago
That theory is called “starve the beast” wherein tax hawks seem to believe shrinking the federal budget is simply a matter of cutting taxes and engaging in brinksmanship, despite the fact that their ultimate goal of cutting SS and Medicare has been a political non starter for decades.
- uejfiweun 5y agoYeah, I don't really get why you would pre-emptively cut taxes in anticipation of future spending cuts. If there's one thing we can bank on in history, it's that governments always get bigger. Spending cuts are just very unlikely to happen.
- wbsss4412 5y agoSeems to be good politics I suppose. The thing about MMT, is that it’s not about racking up gigantic debts per se, their thesis is that deficits and debt don’t matter in an absolute sense, but in relation to other monetary factors. Eg. once inflation picks up, then it becomes necessary to cut budget deficits.
- notch656a 5y agoThen a new goal is needed. Allow anyone to opt out of SS/Medicare for life, cutting themselves off from social aid in exchange for not providing it.
- wbsss4412 5y agoI mean, that isn’t a different goal.