John Maynard Keynes was famous for the idea that in a liquidity trap where individuals and companies refused to spend or invest and hoarded cash, it was the responsibility of government to stimulate the economy by deficit spending. Keynes’ ideas have some merit in a situation where the government is not heavily indebted to begin
One of the oldest sayings in economics is, “There’s no such thing as a free lunch.” The point is that even if a lunch appears to be free, you’re paying for it in some hidden way such as reciprocal obligations, higher contract prices or some moral obligation to do business. Of course, the principle is
The article above explains how Elizabeth Warren is out to impose a wealth tax on property in addition to raising income taxes. This article explains how even the wealth tax proposal is just the tip of the spear. Warren has an even more radical hidden agenda to destroy the wealthy as a class in the same way
Presidential candidate Elizabeth Warren is not satisfied with the proposal to raise individual income tax top rates to the 70–90% range. She has an even more radical idea as reported in this article. She wants to tax your wealth. Income taxes have always been a slippery source of revenue for governments. Back in the 1950s
