So Republicans are planning to explode the deficit in order to cut taxes on the wealthy. Nobody should be surprised -- but many are, Why? 1/
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W odpowiedzi do @paulkrugman
Paul Krugman, economist, thinks economies are static. Wealth creation is spurred by investments and savings. Not by govt's wasteful spending
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W odpowiedzi do @WillRicci @paulkrugman
Wealth creation is spurred by both. And if we "make the pie bigger" but all of the pie growth goes to 1% of the people, what's the point?
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W odpowiedzi do @RealSteveCox @paulkrugman
Wealth creation is not spurred by government spending. The money must be taken from elsewhere. Wealth creation in the economy.
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W odpowiedzi do @WillRicci @paulkrugman
That's simply not true. When properly managed, every dollar of tax money put into an economy results in anywhere from $1.50-2.50 in growth.
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After socking it away then scream about inheritance tax. So heirs that didn't earn it don't have to pay a gift tax. Greed one of the 7
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Interestingly, many of the Founders of this country wanted to ban inheritance altogether. They saw it as an "artificial aristocracy."
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Buffett: Leave your heirs enough to do something. Not so much as they do nothing. If 6M is not enough something is wrong on receiving end.
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Ben Franklin left very little to his kids. Jefferson left nothing.
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