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Kuros
Joined: 27 Apr 2004
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 Posted: Thu Sep 10, 2009 4:44 pm Post subject: |
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| To bring it back to health care, if health care is financed by taxes in real time, and is not financed by debt, it should prove a good investment. It is not like the Stimulus, a catch-all program where representatives take money home from the gov't, stimulating lobbyist incomes and pushing the payment on the younger generation. |
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Rusty Shackleford
Joined: 08 May 2008
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| Posted: Thu Sep 10, 2009 5:08 pm Post subject: |
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| jaykimf wrote: |
| Rusty Shackleford wrote: |
Nobody is saying you shouldn't fix something that is broken. |
Then what is all this talk about deliberately breaking windows so that you can fix them? Nobody that I know of is advocating that. |
Good grief. Did you read the link? Here it is again. I suggest you read it lest you make a further fool of yourself
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| Rusty Shackleford wrote: |
The premise behind the fallacy is debunking the notion that taking money from one area and putting it into another, somehow promotes growth. |
When you have millions of people unemployed and productive capacity sitting idle, why wouldn't putting that productive capacity back to work create wealth and generate growth? What area is that idle capacity being taken from? |
You aren't really addressing the point I made. I was saying if the Govt taxes and then spends there is a benefit to those who receive the tax money. But that money has been taken from somewhere else, so the people who would've put that money to productive use, cannot do so.
I agree with you that if there is idle capacity it should be put to work, and eventually it will be. It's just that the government isn't a competent agent to choose the best ways to put that capacity to its best use.
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| Rusty Shackleford wrote: |
For instance, the US govt taking money from its future generations to fund projects that will win it votes. |
Wouldn't future generations actually inherit the wealth created by economic growth? |
Why havn't past govt plans made the govt filthy rich? In theory if govts were as great as people think they are, they should have long ago produced thousands of money making businesses that negate the need for them to even collect taxes. Why instead are they running massive budget deficits?
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| http://economistsview.typepad.com/economistsview/2009/08/paul-krugman-till-debt-does-its-part.html?cid=6a00d83451b33869e20120a57fee3c970c |
Oh, I'm sold. A blog from the University of Oregon. I've been wrong all along.
Good grief.
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