It would cause a run on Citibank, a well deserved run. That's what happens when businesses fail, people do business with other firms instead. That's not very complicated. Boosting "confidence" isn't the governments prerogative, particularly not faux confidence by bailing out failed corporations. That's well outside the scope of government and has created bubble after bubble. This kind of nonsense by government has created the mess we're now in.
I never suggested "no public works", you just made that up. I never said it. For you, trying to engage a debate without making strawman arguments is like trying to fight with your hands tied. You just don't seem to know any other approach to a discussion.
I never said "flat taxes". You just made that up too. However, yes, I think taxes should be much flatER, as they are throughout most of the developed world.
I never suggested "no public works", you just made that up. I never said it. For you, trying to engage a debate without making strawman arguments is like trying to fight with your hands tied. You just don't seem to know any other approach to a discussion.
I never said "flat taxes". You just made that up too. However, yes, I think taxes should be much flatER, as they are throughout most of the developed world.
Quote from RCG Trader:
That's better, much better.
So, you are suggesting that we let Citibank fail then? And how does that boost confidence? Ah, yes, a run on the banks, that's how.
You also suggest that the government stand by while it's citizens languish, no public works? Nice.
Inflation is a product of supply and demand, so because u refused to stimulate the econ, there are less companies to make bread. Not more, so what does bread do? It does up? Really?
Flat taxes, so the single mother with four kids loses what, 10% of her already meager income? The billionaire pays 10% of his wealth. Ouch, that would really hurt that billionaire, I gotta tell ya.
