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
- Simple, obvious, and unobstructive: minimize the value-minus of taxes
- There is no value-added in taxes, but we can minimize the loss of value.
- Tax individuals, not organizations
- Taxes on businesses are just a way of hiding taxes so that people don’t know they’re being taxed.
- Geithner-Daschle-Rangel tax simplification act of 2009
- Here’s a way for the Republicans to be bipartisan: help Democrats overcome their tax misfilings.
- 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.
- Even the experts can’t do their taxes
- When even the head of the I.R.S. can’t do his own taxes, it’s time to simplify them.
- Nine 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?