Skip to main content


Showing posts from August 7, 2011

irresponsible socialism: now more than ever!

I left the following rather mild comment on an economics site about “WHAT SHOULD BE DONE”, thee Chernyshevsky caps included : “Hike the capital gains tax to 39 percent, Start separate tax categories for the individuals making more than 400 thou and more than a million thou per year and bring their marginal rates back to pre-Reagan levels. Remember, spending is great. It is what the gov. should do. And it should do it without the keynesian mumbo jumbo, which is a political stupidity. Instead of a stimulus, a patchwork of government spending justified, each piece, by the product or service it will bring. This is where economists, who live in a world of aggregates, have no psychological feel for the way the voter thinks at all. To call it a stimulus was from the beginning an idiocy. But spending on infrastructure, spending on research, taking over some banks and backing massive, trillion dollar loans to the middle class - that is an idea whose time is still here.” In reply, I was