Thursday, February 12, 2009

It's All Relative

Dave Noon wonders

What the fuck is "nuanced" about a call for stimulus in the form of tax cuts?
John Hawkins has the answer:
The most radical, and effective, thing we could do for the economy right now is this: Stop collecting all forms of Federal business, income and payroll tax. EVERY PENNY OF IT. RIGHT NOW.

Gasp! Yes, I said it, and I meant it. Go on an absolute, 100% Federal tax holiday. That’s a real shot in the arm that would suddenly inflate the economy by a solid $1.5 trillion or more per year.
That tax cut stimulus sure looks nuanced now, doesn't it, Dave?

Hat tip: John Cole.