The View From 1776
Friday, August 06, 2010
The Daily Socialist 8/6/10
Why not raise taxes to 100% of all income, socialize all private businesses, and put everyone on the public payroll?
Doing so would eliminate unemployment and would give the government plenary power to direct everyone into behavior paths prescribed by Iv League sociologists and Saul Alinsky-style community agitators like the president. People who don’t toe the line can be excommunicated from the American church of secular materialism and set adrift to find residence in some other country.
Result, according to Paul Krugman’s Keynesian doctrine: a booming economy, because of zero private saving (another bit of Keynesian doctrine), one in which government spending is a new and improved variety of saving.