Wednesday, March 5, 2014

Randy Wray — When Will They Ever Learn: Uncle Sam is not Robin Hood

Memo to Obama: Don’t tie progressive spending policy to progressive tax policy. Each can stand on its own.
Economonitor — Great Leap Forward
When Will They Ever Learn: Uncle Sam is not Robin Hood
L. Randall Wray | Professor of Economics, University of Missouri at Kansas City

1 comment:

Peter Pan said...

Yes, the 1% would prefer the government to borrow 1 trillion dollars rather than tax them by the same amount. Guess which option is likely to prevail.

Uncle Sam is Robin Hood and the economics of it make perfect sense to those who would benefit from more government borrowing.