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If you spend the taxes on productive things, infrastructure, subsidies, it seems like that grows the economy directly. Cutting taxes and spending (ie austerity
by nemomarx 10mo ago
If you spend the taxes on productive things, infrastructure, subsidies, it seems like that grows the economy directly.
Cutting taxes and spending (ie austerity) has a more mixed track record of getting out of economic recessions, in my view.
- websiteapi 10mo agoempirically which countries have done what you are describing?
- estearum 10mo agoThe United States? Look at: the Internet, pharmaceuticals, automobile industry, energy industry, manufacturing All downstream of massive government spending funded by taxes.
- websiteapi 10mo agothe United States has middle of the road taxes (if not overtly low)