False Choices: Why a sound plan for economic recovery would not raise taxes, not cut government services, and not increase debt

Photo Credit: Cycloru via Flickr (cc)

“Responsible” politicians and pundits say that we face a tradeoff among higher taxes, reduced government services, and more public debt, lest current trends lead to ruinous inflation resulting in all three.  Those aren’t the only choices, and certainly not the best ones, asserts HGS instructor Chuck Metalitz.  Raising taxes on production leads economies to a downward spiral, but shifting taxes off of production can bring prosperity while raising needed revenue. And if public debts have become too big to pay, then perhaps it is best not to pay them.  The problem is that holders of privilege largely escape taxation, while keeping the rest of us ignorant of the fundamentals of political economy.

Tuesday,  December 13, 6 PM at 28 E Jackson #1004.  Free, donations welcome.