andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2018-10-31 11:00 am

Interesting Links for 31-10-2018

danieldwilliam: (Default)

Re: McDonnell's Economic Plans

[personal profile] danieldwilliam 2018-11-03 10:12 pm (UTC)(link)
Yes, every pound you *transfer* through taxation is a pound unavailable for stimulus.

Deficit spending today represents taxation tomorrow. That later taxation can be more or less progressive. But if you are running a fiscal stimulus you don't want to be undermining it with additional taxation anywhere.

Public spending is inherently redistributive.