A frequent anti-government talking point is that the government wastes tax revenues by spending the money that comes in. I'll concede that point if you acknowledge that the definition of an economy is the flow of money throughout the system. Yes? Now my point: The over-accumulation of capital by one group that just sits on it takes money out of the economy making it sluggish. To make our economy vibrant again, money needs to flow. So who better to get that money moving than the government who, by your definition, will only spend the money it gets from taxes. On a related point, there are vast amounts of money sitting on the sidelines looking for something to do (check out the reserves of the big investment banks). Once the economy gets going, then that money will come off the sidelines and get into the game (big boom coming). And the wealthy will become wealthier because their money is actually doing something. So, if you want to stimulate the stock market and help the wealthy then increase their taxes for their own good.

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Who Should an Economy Serve?

The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy.