| inbluevt | Date: Thursday, 2013/07/11, 8:02 PM | Message # 1 | DMCA |
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Food stamps are considered a mode of government spending with a high multiplier effect. In other words, when someone is poor and using food stamps (which are now in debit card form) this often triggers more economic activity than it costs. Republicans should find a target for their ire that is less effective at stimulating the economy.
However, what happens is Republicans take the opposite approach. They believe that giving tax breaks to millionaires and billionaires is the best way to stimulate economic growth. The only problem with that is reality.
Economists say that providing food stamps might be the most stimulative action the government can take. Tax cuts for the wealthy ranks around 12th.
I'm not against tax cuts for the wealthy out of any disdain for the wealthy. I prefer everyone would keep 100% of his or her money, but I'm not sure our system that helps generate the wealth would continue to
operate. So, the question is, do Republican approaches work? Who do they
work for? Do they work long term?
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Message edited by inbluevt - Thursday, 2013/07/11, 8:06 PM |
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