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View Diary: IL-Sen: Dick Durbin (D) & Sherrod Brown (D. OH) Introduce The Working Families Tax Relief Act (8 comments)

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  •  I really doubt that working people.... (6+ / 0-)

    ....would "hoard" the money they got from this. More than likely, it would be spent the minute it came in.

    And, you know, taxing anything to provide a service can be called "social engineering," so that boat left at least since ancient Greece.

    But don't worry about it. Harry Reid made sure any kind of Democratic measures will never pass congress when he refused to touch the filibuster rules.

    "Michael Moore, who was filming a movie about corporate welfare called 'Capitalism: A Love Story,' sought and received incentives."

    by Bush Bites on Sun Apr 28, 2013 at 03:55:37 AM PDT

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    •  Perhaps "social engineering" is the wrong (0+ / 0-)

      phrase. Perhaps "moral manipulation" would be more accurate.
      Using dollars to reward and punish is despicable. Indeed, it is an abuse of a tool. Currency is an officially recognized debt, a certified IOU, in the same category as a marriage certificate, although much more numerous and more easily exchanged. That some people are being denied marriage certificates seems telling. It springs from the same desire on the part of public officials to rule, rather than serve, the public.

      It is estimated that as much as 19% of the GDP is coursing through the shadow economy and people whose income is subject to being taxed are evading the tax man to the tune of $500 billion a year. The explanation for this evasive behavior is typically that it is a response to the perception that government is being unfair. So, the proposal to tax some moderate income people less and make the system seem more fair is supposed to prompt greater compliance and increase the revenue stream. That's the old "supply side argument" dressed up with a different frame.

      That the real issue is how to demystify the dollar and get the current moving quicker, instead of going from a trickle to a drip, doesn't get articulated. Perhaps the problem is that "rate" is considered in terms of quantity, instead of velocity because economics is, historically, a static science -- i.e. it is concerned with measuring things AT A MOMENT IN TIME. Galbraith suggested it was because the models employed by economists are not dynamic. I'm beginning to think economists don't even know what dynamic means. They are fixated on stasis. Change is something that jungles in their pants pocket.

      We organize governments to deliver services and prevent abuse.

      by hannah on Sun Apr 28, 2013 at 04:19:55 AM PDT

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