Comments on: Alesina and Zingales Caution on Public Works “Stimulus”

By: Web Smith

Web Smith — Thu, 22 Jan 2009 06:14:12 +0000

Right. It couldn't be that the economy before and what is left of it now existed and exists on borrowed money. The borrowed money supply has increased by 70% since October, but the increase is mostly being held by the banks. When this borrowed money hits the economy, your dollar is going to be worth half of what it is now. We might be able to buy some time if they give us a tax holiday for a year and the government, instead of borrowing to replace the lost revenue, cuts its budget by a trillion, but that will cause the 70% the banks are holding to be released and it's still a dead end street. The central banks know this and that is why they've been secretly meeting in Switzerland to discuss a new monetary policy along with a new currency.

By: carpeicthus

carpeicthus — Thu, 22 Jan 2009 01:13:52 +0000

Are you f***ing kidding me? All this typing for the solution "If X, cut the capital gains tax" that's already tattooed on wingnut foreheads? Just see past the ideology, it's really pretty simple. The problem is that all of the massive capital gains people have made have been taxed too high? Really?

By: yetanotherjohn

yetanotherjohn — Wed, 21 Jan 2009 23:18:11 +0000

Eliminate the federal withholding immediately would put money in the hands of the consumer immediately. Of course we would then find that in the following tax year people who didn't plan ahead would not have enough to pay their taxes. The only difference would be the deficit spending would be spread across America rather than focused in DC.

By: Pete Burgess

Pete Burgess — Wed, 21 Jan 2009 23:03:03 +0000

Fair Tax! It can work.