Wednesday, December 19, 2012

Why not cut taxes? Bank of Japan in Tough Spot After Abe's Win - WSJ.com

Bank of Japan in Tough Spot After Abe's Win - WSJ.com


"Mr. Abe also has suggested the central bank buy more government debt to finance spending on public works, "

Why not 'cut' taxes instead!

People work and invest more when they get to keep more (reduce income and investment income taxes, incl. corporate taxes). They also spend more when they get more value for money (i.e. reduce sales and/or VAT taxes).

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