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But moving the tax system to take more from the rich and less from the poor is not a zero-sum game as they do not consume the same proportion of their incomes and do not use it for the same kinds of goods and services.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Jan 1st, 2009 at 03:45:52 PM EST
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True.  Higher propensity to consume.  That's what I meant about near-zero, because I don't think the propensity is quite as high as we'd hope among those who are employed, regardless of income level.  Which is why I think you have to handle the recession with public works, putting the money in the hands of people who are going to spend all, or nearly all, of it and restoring some sense of normalcy.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Mon Jan 5th, 2009 at 02:34:24 PM EST
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