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Why Tax Matches Spending — NeilW

Summary:
We are currently in an environment where people are going around repeating the mantra “more government spending means taxes must go up”.But only, of course, by people who are hard of both accounting and mathematics. It’s like the household analogy - a common fallacy.Let’s see why.…New WaylandWhy Tax Matches SpendingNeilW

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We are currently in an environment where people are going around repeating the mantra “more government spending means taxes must go up”.

But only, of course, by people who are hard of both accounting and mathematics. It’s like the household analogy - a common fallacy.

Let’s see why.…

New Wayland
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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