Tuesday, November 29, 2016

Taxes Are Pro Growth

Will we ever get people to stop pretending lower and lower taxes are somehow more and more "pro growth"?

Infrastructure spending is pro growth.
R&D spending is pro growth.
Educating the labor pool is pro growth.
Setting safety standards is pro growth.
Grants to startups are pro growth.
Safety nets mitigating risks are pro growth.
Redistribution so all can spend is pro growth.

All of these things tend to come from taxes. Maintaining at least moderate taxes is pro growth. Increasing taxes on those of us with more tends to be pro growth.

Lowering taxes is anti-growth, unless it's strictly done only for those who already lack a surplus.

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