Birdwatch Note Rating
2023-05-20 14:38:34 UTC - HELPFUL
Rated by Participant: D9D1D9A5485F146849D1C8AB5401EDB8D5BADD299DEFD6A891FDE326A46B5C2D
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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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