Daily Debunk: Raising taxes in a recession – 1IL

This apparently is a rebuttal to Wirepoints' recent article about why you don't raise taxes during a recession.
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NB-Chicago
3 years ago

Cox writes–“Yes, it removes money from the overall economy, but the revenue better enables the state and local governments to keep police officers, firefighters, and teachers employed, while not coincidentally funding essential services, including that unemployment insurance so desperately needed by those out of work. That money goes right back into the economy.”….but thats a lie because directly or indirectly all the new revenue goes towards debt (pension debt) for are promised public sect ,zero risk/ zero layoff under compensated heros (129,000+ projected pension tax free millionares at state level alone) because paying the pensions comes ahead of paying for… Read more »

nixit
3 years ago
Reply to  NB-Chicago

Yes, it removes money from the overall economy,…That money goes right back into the economy.” Why not just skip the middle man and have everyone work for the government?

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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