What does 1.2 trillion dollars buy?
Heh. If we really wanted to create new jobs, 1.2 trillion dollars could fund a tax holiday for two and a half years and create 2.8 million jobs—and that estimate is based on real-world observations.
Hat tip to Hot Air.
- What Else Can We Get For Our $1.2 Trillion?
- “Excusing employers from paying this tax would cost an estimated $455 billion per year (ignoring the growth effect of removing hiring disincentives). With $1.173 trillion to play with, you could fund a payroll tax holiday for more than 2.5 years.”
- A Payroll Tax Holiday
- “Alternately… To mollify the public (Hey, why are my employers getting a tax cut and I’m not?!!), one could give employers and employees both a half reduction for 2 1/2 years. Or both a full, complete holiday for 1.25 years.”
More taxes
- A customer service model of federal spending
- “If we can put a moon on the man, why cannot we devise a system whereby every state is billed by DC annually, and let the states compete for citizens to pay the taxes?” Moving from a system where the federal government taxes individuals to one where the federal government taxes state governments makes all of our lives a lot simpler and solves a lot of thorny civil rights issues as well.
- What’s wrong with a national sales tax?
- When considering a new tax, consider how easily that tax is abused by the state and by the state’s good intentions.
- No corporation pays taxes
- Corporations don’t pay taxes. Their employees do, and their customers do. Every dollar that a company has to pay in taxes, that company must pass on to either their employees or their customers, if the company wants to stay in business.
- How to raise taxes in a Tea Party world
- If you want to raise taxes, you need to show that you can be trusted to cut spending first.
- Lifestyles of the rich and obscure
- Tax cuts for the wealthy? I’d be happier about being wealthy if the lifestyle came along with it. Instead I’m stuck with Val-U-Rite vodka.
- 16 more pages with the topic taxes, and other related pages
More Crisifying
- Can the president take responsibility for market rises?
- If the president gets blamed when the market falls, can he take credit when it rises?
- Crisis quote of the day
- Congress: if you aren’t willing to go broke, we’ll go broke for you.
- My Pet Crisis
- Someone needs to send President Obama a copy of The Pet Goat. Panic is not the right response to a financial crisis.
- Upturns with no downturns
- A pessimistic clock might be right twice a day; it might not be. It’s hard to tell when the clock doesn’t even use the same numbers we’re used to.
- Blaming the financial crisis on the reformers
- Change, hope, and unmitigated gall. McCain, Bush, and Palin were right about Fannie Mae/Freddie Mac. Now can we start listening to them on social security?