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. 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
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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.