Birdwatch Note Rating
2023-05-20 03:41:05 UTC - HELPFUL
Rated by Participant: F713512AC9CC0E6E062ED11365C369D8C995257676E85A6C54A7084C5373F0B7
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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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