Oh, ok. I thought you meant he would be good economically in general, and I was like "Girl, what the fuck are you on about?"
I really doubt he would've been good for America financially, though. He wanted to reinstate the Bush tax cuts as well as creating new ones (which would reduce federal revenue by about $240 billion MORE than the Bush tax cuts). He also wanted to significantly increase military spending, which is already an absurdly huge part of the budget.
Oh. God no. Tax cuts do tend to stimulate economies by giving people more disposable income. That's the theory, at least. It was tried here and I doubt anyone would call it a success.
You could also argue that military spending stimulates an economy because it's an increase in production and labour. However, when it's being spent on something that just sits around until there's a war (as opposed to being a link in the chain or circle of production), I think that point is moot.
Tax cuts on the rich don't really stimulate the economy though. From what I've read, Romney subscribes to Reaganomics, despite the fact that the world works differently from that.
Is it normal I feel really bad for Mitt Romney?
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Oh, ok. I thought you meant he would be good economically in general, and I was like "Girl, what the fuck are you on about?"
I really doubt he would've been good for America financially, though. He wanted to reinstate the Bush tax cuts as well as creating new ones (which would reduce federal revenue by about $240 billion MORE than the Bush tax cuts). He also wanted to significantly increase military spending, which is already an absurdly huge part of the budget.
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dappled
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Oh. God no. Tax cuts do tend to stimulate economies by giving people more disposable income. That's the theory, at least. It was tried here and I doubt anyone would call it a success.
You could also argue that military spending stimulates an economy because it's an increase in production and labour. However, when it's being spent on something that just sits around until there's a war (as opposed to being a link in the chain or circle of production), I think that point is moot.
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VioletTrees
10 years ago
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Tax cuts on the rich don't really stimulate the economy though. From what I've read, Romney subscribes to Reaganomics, despite the fact that the world works differently from that.