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David wrote:
The Resurrection of Voodoo Economics M.W. Guzy is a retired police detective who teaches criminology at the University of Missouri, St. Louis. ---------------------------------------------------------------------- Understanding that simple fact suggests that the surest way to stimulate economic growth is to give consumers more money to spend -- demand-side economics, if you will. Unfortunately, that humble notion fails to justify huge windfalls for the country club set and will thus attract few proponents in the current political climate. Not at all. The problem is, how do you give money back to the consumers without lowering taxes across the board - which, the last time it happened, led to cries of "a new Lexus for the rich, and a new muffler for your old car for the rest of us"? Pretty much by definition, all "tax cuts" favor the wealthy. (I'd like to say that the Democrats' plan for "saving social security" is to wait until the well is pretty much dry and then tax the rich, but I can't because the PPOR (Post Proof or Retract) types seem to run Usenet now (along with the "The 9/11 Pentagon 'crash' was caused by two people playing something called 'hat putato' at someplace called 'boiiiiiger king'" types) and I can't remember where I heard it.) -- Don |
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