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Dec. 9th, 2010 03:43 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
foolsguineaA lot of people are going to be puzzled that Grayson thinks raising taxes creates jobs. Well, it's probably better than the alternatives: 1) austerity means cutting government jobs &/or defunding those now subsidized by entitlements. 2) more gov't borrowing means subsidizing the investment market with secure bonds funded by taxpayers, when demand is too shaky for most businesses to look like good risks. More government debt is bad for growth, austerity is bad for growth, raising taxes on the rich & avoiding more debt is good for growth by comparison.
