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Wouldn’t simple Keynesian theory suggest we not let the tax cuts expire,
since the deficit and debt, while representing a medium to long term
problem, poses no problem in the short term? It doesn’t do us a great lot
of good letting these cuts expire across the board, if we collect an
increase in revenue the first year but the following year have a revenue
shortfall due to depressed demand caused by the lack of consumer purchasing
power?
I’d also suggest that tackling loopholes rather than marginal tax rates is
a much easier solution, and we can take a piecemeal approach to picking
away at this patronage that has accrued over decades.
YOU ARE A DUMB ASS
No, your proposed argument is not based on keynsianism but rather supply
side economics which will increase the debt and create a plutocratic
dictatorship in the long run. Supply side economics increases crime and
extreme poverty at the bottom end because of severe wealth concentration at
the upper stratum. Just look at the increase in crime after the dissolution
of the popularity of keynsianism during Reagan’s presidency.
Just look at the increase of crime after the dissolution of marriage as an
institution that we take seriously. You really want to blame the surge in
crime during the 70’s and 80’s on a withdrawal of Keynsianism? Crime has
much more to do with social policy and economic malaise than any sort of
macro Keynsian ideology. Crime fell precipitously in the 90’s, did we have
Keynsianism then? No we were experiencing Greenspan’s moderation.