Wednesday, January 18, 2012

The Tax Cut Fallacy

Hmm,... check out this post by my brother, Gregg, on why the "tax cut cheerleaders" are wrong. He's a smart guy with a great turn of phrase.

For example:
Now, don't get the idea that I think the country would be better off if everyone spent their whole paycheck every week - far from it!  We're talking about the best way to heat up a sluggish economy here, and the best way to do that is to pump up demand and create jobs.  Swimming lessons are important if you want to keep your kids safe from drowning, but if they fall in the lake, throw them a life preserver!  Long-term investment is important, not only to the financial health of the individual, but also to the economic security of the country as a whole, but nobody can worry about their retirement income if they can't afford to put bread on the table today.

The whole thing is well worth reading.

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