tag:blogger.com,1999:blog-15329279.post7212373571082717951..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: Bush Tax Cuts: Redistribution of More Wealth to Top Won't Stimulate Economycaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-15329279.post-66277765589964059812010-11-10T05:53:53.060-07:002010-11-10T05:53:53.060-07:00Indeed! Complete with attribution of the term to A...Indeed! Complete with attribution of the term to <a href="http://triangle.johnlocke.org/blog/?p=8622" rel="nofollow">Archie Bunker</a>!<br /><br />In terms of fighting the recession, yes, the idea that extending those tax cuts could help is the main argument that the GOP and many Dems are making. There seems to be widespread agreement that allowing tax rates to go up during a recession is a bad idea. However, we can get that stimulus by extending the cuts for low-/middle-income folks while still ending the breaks for the wealthiest, who won't boost the economy proportionally to the huge chunk of the tax breaks they'd take. <br /><br />The "extend the Bush tax cuts" position also endorses the idea of <a href="http://madvilletimes.blogspot.com/2010/05/taxed-enough-already-so-we-shouldnt-pay.html" rel="nofollow">accepting bigger deficits</a>, especially if the extensioon goes any more than a year or two. The same folks clamoring for longer Bush tax cuts are often the same folks clamoring for no more deficit-spending. They can't have both, especially if they're serious about fighting the recession, since big cuts in gov't spending (the only other way to cut the deficit) would be as economically harmful right now as a big jump in taxes.caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-8921602445426866452010-11-10T02:09:54.908-07:002010-11-10T02:09:54.908-07:00Alas, the term has been taken. Google on it. Blood...Alas, the term has been taken. Google on it. <i>Bloody</i> good fun.Stan Gibiliscohttp://members.authorsguild.net/stangibnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-10340118197800173222010-11-10T02:04:25.549-07:002010-11-10T02:04:25.549-07:00"The Bush tax cuts may have helped us climb o..."The Bush tax cuts may have helped us climb out of the recession at the beginning of the decade ..."<br /><br />Indeed? How? Could an extension of those tax cuts have a similar effect at the start of the approaching decade?<br /><br />On another tack, I cannot resist the temptation to coin a new term based on your verbiage here: "Tinkle-down economics." I leave it to the reader's imagination to concoct a rigorous definition.Stan Gibiliscohttp://members.authorsguild.net/stangibnoreply@blogger.com