Birdwatch Note Rating
2023-05-20 01:21:31 UTC - HELPFUL
Rated by Participant: 51D22A0F2A8BA5EB12884E110D3EAFA54E8A2A98A2EA88D19784B32BD012896A
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Original Note:
Reducing government expenditures does not require increasing taxes, it simply requires lowering spending by cutting services, reducing headcount, or cancelling social programs. https://fee.org/articles/6-places-to-start-cutting-federal-spending/ Also, increasing taxes does not always increase revenue because of deadweight losses. https://www.nber.org/digest/jan00/how-government-spending-slows-growth
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