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And taxes in countries like the Uniteds states and Ireland are to low. Only neo-liberal nutters deny this.
by IM on Fri Aug 12th, 2011 at 11:06:45 AM EST
[ Parent ]
Indeed they are, but raising them would not reduce the sovereign deficit, given a commitment to full employment fiscal policies. And if the private sector is deleveraging - as is presently the case - not even without such commitment.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 12:06:06 PM EST
[ Parent ]


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