In 2020, when corporations that had just received three years of outrageously large tax cuts and stock buybacks were frightened of losing revenue, the Repub government fabricated trillions of dollars in handouts to pass around with little to no oversight.
It is not the spending on Raytheon that is preventing spending on citizens at home. It is that half the country has oppositional defiant disorder about any service or policy that would help poor people.
Yes, all of these handouts to our ruling class are also why we can’t have nice things, but I’d argue engineering marvels that literally murder large numbers of human beings are worse than a direct handout. Maybe we just need welfare for Lockheed Martin. Also, if you want to get super technical about the economics, taxes in a fiat currency economy of our size is actually a purely inflation-management mechanism. There’s no dollar-to-dollar relationship between income and expenditure, really, so a tax cut isn’t really “spending” in the same way, you’re just egging on inflation by failing to remove dollars from the economy (not to be pro-tax cut, obviously inflation is bad and regressive taxation of its own, but its important not to play into the right’s misconceptions of how the economy works).
In 2020, when corporations that had just received three years of outrageously large tax cuts and stock buybacks were frightened of losing revenue, the Repub government fabricated trillions of dollars in handouts to pass around with little to no oversight.
It is not the spending on Raytheon that is preventing spending on citizens at home. It is that half the country has oppositional defiant disorder about any service or policy that would help poor people.
Yes, all of these handouts to our ruling class are also why we can’t have nice things, but I’d argue engineering marvels that literally murder large numbers of human beings are worse than a direct handout. Maybe we just need welfare for Lockheed Martin. Also, if you want to get super technical about the economics, taxes in a fiat currency economy of our size is actually a purely inflation-management mechanism. There’s no dollar-to-dollar relationship between income and expenditure, really, so a tax cut isn’t really “spending” in the same way, you’re just egging on inflation by failing to remove dollars from the economy (not to be pro-tax cut, obviously inflation is bad and regressive taxation of its own, but its important not to play into the right’s misconceptions of how the economy works).