Re:Nicholas Taleb: The Great Bank Robbery
by yummyfajitas on Monday September 05, 2011 @02:44AM
(#2961414)
The purpose of Keynesian stimulus is to stimulate spending. Most proponents of Keynesian policies oppose directing stimulus to the rich people on the theory that rich people spend the smallest fraction of their income (i.e., they save the most).
[ Parent
| on HN ]
i don't see how that shows that "the best" form of stimulus would be to lower their taxes.
Re:Nicholas Taleb: The Great Bank Robbery
by danssig on Monday September 05, 2011 @08:55AM
(#2962058)
He's saying that if the rich are spending more of their money in the economy then we should be giving them even more tax breaks so they could spend even more in the economy.
Probably the reason you didn't get what he meant was because it's utterly nonsensical.