Raise taxes, don't raise taxes. Hit those making more than $250K, 400K, a million, or not. Extend unemployment or not. Extend the AMT fix or not.
NONE OF THIS MATTERS.
What matters is a federal government than has historically burned through 18 percent of GDP and is headed toward 25 percent of GDP. Yes, with that social services spending will go up. But there's no free lunch.
Take that money out of the economy and you no longer have it in the pockets of businesses and individuals that will expand operations to create jobs. We will have a statist, social welfare system.
That may be what liberals want. But consider: Europe (emulated by many on the left) granted huge increases in the "social safety" net. After WWII when Europe got back on its feet it grew at an average GDP rate of 3 percent.
As France and Germany particularly, but also Great Britain, expanded government spending, that growth in GDP fell to 1 percent. The U.S. is on the same track.
So, short term we are all "protected" by the government more. In the long term we will need that protection because so many of us will not have jobs to protect ourselves. So, take the money out of people's hands, put into government coffers, but don't whine when the economy stalls and jobs are not to be had.
Governments kill growth; they do not expand it.
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