I would suggest you read the linked CS Monitor article below. The article is on another group of economists who know that raising taxes is the way out of the economic malaise. It is another pointed criticism of the Ultra Rich Tea Party GOP and their economy killing austerity policy. The Ultra Rich Tea Party GOP represent the wealthiest conservative Republicans in the world. These people could care less if the US economy sinks or swims because they make money on Wall Street if the markets go up or down. They don't want to pay any taxes, they could care less about the economic health of the country. These are the greediest people in America. Notice how often they wrap themselves in the flag, and spout off superb hyperbole on religion and morality while they themselves are fundamentally morally vacant.
CS Monitor:
US should raise taxes to help fix deficits, say business economists
Some three-quarters of economists who do forecasting for the private sector say tax revenue should rise as part of efforts to tame unsustainable budget deficits, according to the survey released Monday by the National Association for Business Economics.
By contrast, 19 percent said tax reform should be done in a "revenue-neutral" way, and 5 percent said reforms should reduce tax revenues.
...most of the economists tipped against the Republican Party's argument on tax revenues...
3 comments:
Doesn't matter. Here's the irony the way the State works right now most of the $$ raised by increasing taxes probably won't help the average non- public sector employee or small biz person. Why? Look @ how that $$ is presently being used and the answer is obvious. Most of it gets recirculated right back to the Corporatist sector. The stim. $$ was a perfect example of this. Most went to increasing the salaries and benefits of public employees or to tax breaks for the wealthy and their Corps. very little of that $$ ever hit the streets effectually. When they say it saved millions of jobs they were public service jobs and many are now gone after the $$ ran out. No offense to these folks but they're jobs do not an economy make. They're jobs are parasitic to the actual value increasing economy. They're jobs float on top of the surplus wealth the rest of us produce or don't produce.
Let me ask you this - you write:
very little of that (stimulus)$$ ever hit the streets effectually.
How would stimulus money effectively hit the streets?
If major public works projects were instituted not the few dozen road projects that did take place. Say, we decided to do a crash program to develop FUSION energy and then build the plants getting rid of the present nukes , coal and oil fired shit we now use. Or we decided to build ten thousand huge windmills everywhere or we decided to rebuild the electric grid entirely. These were the types of massive infrastructure projects we had in the past and they kept hundreds of thousands busy . Plus, we had manufacturing, which somebody decided we don't need anymore for some unknown? What till a real WAR starts and we'll find out what happens to countries with no Industrial base.
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