Re:How marijuana legalization in Colorado and Washington is ...
by dragonwriter on Sunday October 19, 2014 @07:05PM
(#8479956)
> There's absolutely no problem with tax cuts for the wealthy
There's absolutely a problem with relative tax burden shifts from the poor to the wealthy (which is what tax cuts disproportionately for the wealthy are), independently of overall spending/tax balance.
Whether deficit spending is a problem is a completely separate question (though I'd argue that the simple "deficit = bad" position is ludicrous, current spending in excess of revenue is good or bad based on what the spending is for and what the rationally expected outcome of the spending is; sure, interest has a cost, but there are benefits to weight against that cost if the spending is well-chosen.)
There's absolutely a problem with relative tax burden shifts from the poor to the wealthy (which is what tax cuts disproportionately for the wealthy are), independently of overall spending/tax balance.
Whether deficit spending is a problem is a completely separate question (though I'd argue that the simple "deficit = bad" position is ludicrous, current spending in excess of revenue is good or bad based on what the spending is for and what the rationally expected outcome of the spending is; sure, interest has a cost, but there are benefits to weight against that cost if the spending is well-chosen.)