Useless Blogging

February 5, 2009

Stimulus Response

Filed under: My World,Philosophy,Rants,Thoughts — steegness @ 1:03 am

I’m fairly well off, but I’m not horribly affluent. The economy affects me, but hasn’t crippled me. So I think I’m decently qualified to take a stab at what a decent stimulus package ought to do.

For the bored: Keynes is right. Tax cuts do jack, and in a time like this, they only stand to exacerbate the situation. Tax cuts come when everyone has money. First, we need to get some. I’m frankly loathing hearing anyone talk about tax cuts and how it puts money into the hands of the consumer. No, it doesn’t; leaving you with more is not the same as seeing that you have more, especially when people are scraping to get by (and are likely least affected by taxes in general).

Create work. Create jobs. Pay people. THAT puts money into pockets, and lets people spend again.

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