A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
24919 Members
See All
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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>"How should the huge financial costs of the pandemic be paid for, as well as the other deferred needs of society after this annus horribilis?Politicians rarely want to raise taxes on the rich. Joe Biden promised to do so but a closely divided Congress is already balking.That’s because they’ve bought into one of the most dangerous of all economic ideas: that economic growth"
>"How should the huge financial costs of the pandemic be paid for, as well as the other deferred needs of society after this annus horribilis?Politicians rarely want to raise taxes on the rich. Joe Biden promised to do so but a closely divided Congress is already balking.That’s because they’ve bought into one of the most dangerous of all economic ideas: that economic growth"
How should the huge financial costs of the pandemic be paid for, as well as the other deferred needs of society after this annus horribilis? Politicians rarely want to raise taxes on the rich. Joe Biden promised to do so but a closely divided Congress is already balking. That’s because they’ve bought into one of the most dangerous of all economic ideas: that economic growth requires the rich to become even richer. Rubbish. Economist John Kenneth Galbraith once dubbed it the “horse and sparrow” theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.” We know it as trickle-down economics.
How should the huge financial costs of the pandemic be paid for, as well as the other deferred needs of society after this annus horribilis? Politicians rarely want to raise taxes on the rich. Joe Biden promised to do so but a closely divided Congress is already balking. That’s because they’ve bought into one of the most dangerous of all economic ideas: that economic growth requires the rich to become even richer. Rubbish. Economist John Kenneth Galbraith once dubbed it the “horse and sparrow” theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.” We know it as trickle-down economics.
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