re: #236 thedopefishlives

I agree there’d be more utility in getting that tax revenue from people more able to afford it, but government spending does not get dumped into a black hole and vanish from the economy. Most US government spending goes right back into the economy. So while it’s not as good for the economy as deficit spending or tax money sourced from those with lots of disposable income, it’s important to remember that government spending is domestic spending.

That’s why austerity measures are so fucking idiotic, and the attempt to slash the budget in the middle of a recession is, and always has been, absolutely counter to all common sense and uncommon sense.