Birdwatch Note Rating
2023-05-20 14:58:34 UTC - HELPFUL
Rated by Participant: D2F9A444D2D6259FE9C2B5AA22502513ECF5D26B6D18AB449ED5F5A38219ADD8
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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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