www.theatlantic.com -- Dylan Matthews at the Washington Post has asked what we might be able to do for the economy if we repealed the Bush tax cuts for the wealthy and spent the money on something else. The result is a nice post full of graphs, but the answer seems to be "not much"--the very best estimate is that we get about $75 billion in added economic activity, or about $25 $250* for every person in the country. That, mind you, requires some pretty big assumptions. For starters, it assumes that the rather optimistic estimates of Mark Zandi about the size of the stimulus multiplier are correct.
Got something to say to us? Then send us a letter.
Want us to stick around? Donate to The eXiled.
Twitter twerps can follow us at twitter.com/exiledonline