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by colinplamondon 6437 days ago
Uh, whoa? Tax cuts in the United States are generally done without corresponding decreases in spending, leading to a massive deficit, leading to an unpayably large national debt.

You can't simply say 'tax cuts are good' and call it a day- that's a gross oversimplification. "Tax cuts are good when accompanied by a decrease in government spending such as that we have a large surplus" I can agree with.

1 comments

I don't even want to agree with that. The function of government is to provide essential services to society, and I don't think you can just say that it's better for the economy if you cut spending so it doesn't. I doubt the economy would be improved in a total anarchy, which is essentially your suggestion seen to its ultimate conclusion.

For example, even the Economist agrees that a market economy won't function without clear rules that everyone plays by. And they are also of the opinion that carbon taxes are better than cap-and-trade, because taxes provide better long-term stability so businesses are able to plan and adapt.