3 ms·
Omg. When someone has a spending problem, literally nobody says "OH, go make more money!", we tell them to cull their bad habits. Raising taxes has _never_ bala
by exabrial 4y ago
Omg. When someone has a spending problem, literally nobody says "OH, go make more money!", we tell them to cull their bad habits. Raising taxes has _never_ balanced the budget.
- kmeisthax 4y agoNo, but taxing is a good way to pull dollars out of circulation and destroy demand. In fact, it's probably a better lever to pull than the Fed funds rate. The spending problem in question is deliberately supported by voters, who oppose lowering spending or raising taxes. Running the government on a deficit lets you simulate the benefits of economic growth without all that pesky growing.