Randall Wray: zergak gastatzeko falazia

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The Secret History of The Tax-to-Spend Fallacy

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taxes are not necessary for revenue for

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the federal government was common

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knowledge at the end of World War II it

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was obvious to anyone paying attention

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because the federal government was

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running huge budget deficits to fight

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the war the deficit reached 25% of GDP

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the debt ratio reached 100% of GDP and

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one of the very important people

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Beardsley rumel the chairman of the New

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York bed at the end of World War II

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wrote paper and tile taxes are necessary

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for Revenue but gradually over the

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post-war period this Insight was lost

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and it was lost not just by

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conservatives who don’t like the

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government who have an obvious political

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interest in selling the story that the

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government needs taxes to span and we

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all hate taxes therefore we need a very

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small government I mean that fits the

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conservative ideology perfectly but why

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on Earth look progressives byy into that

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whole argument that we need taxes and we

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know that the population doesn’t want to

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pay more taxes therefore we can’t get

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all the progressive things that we would

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like to get through government why do

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they do that the insights were lost that

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is the fundamental problem so here’s the

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way the progresses thinking speak they

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say we would really like to spend more

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money on the poor because they’re too

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poor and so we need to tax the rich

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because they’re the ones that have the

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money and I say well hold it that’s not

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true we can pay for programs help the

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poor without taxing the rich At All by

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tying the progressive programs to taxing

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the rich you are defeating your own

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purpose let’s delake it from spending on

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the board progressives don’t like this

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they think weing high taxes on the rich

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to spending on the poor is politically

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more desirable but the evidence goes

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completely against that any Bulls show

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that people don’t want to tax more even

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if you’re talking about taxing the rich

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these Americans still have this to see

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that hey someday I might win the lottery

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and I sure wouldn’t want to pay tax

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rates of 90% like we used to have in the

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United States so I think it’s really

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self-defeating to link the two and it’s

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also dishonest it’s just not

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true