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