• economics,  Paul Krugman,  Taxes

    Poll Watch: Tax Cuts ALWAYS Better Than Increased Government Spending – Dissecting Paul Krugman

    Paul krugman

    Nobel Prize Winning Economist Paul Krugman

    Paul Krugman notwithstanding, Americans believe it is always better to cut taxes than increase government spending.

    Paul Krugman, last year’s winner of the Nobel Prize for economics and a regular columnist for the New York Times, recently wrote that you should “write off anyone who asserts that it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their money.”

    If you follow that advice, you’ll be writing off a majority of Americans. The latest Rasmussen Reports national telephone survey found that 53% say that it’s always better to cut taxes. Only 24% share Krugman’s views.

    Republicans overwhelmingly say it’s always better to cut taxes, and so do 50% of those not affiliated with either major party. Twenty-three percent (23%) of unaffiliateds take the opposite view and agree with Krugman.

    Democrats are evenly divided—38% say tax cuts are always better while 34% disagree.

    Krugman is a little more in sync with public opinion when he asserts: “public spending rather than tax cuts should be the core of any stimulus plan.”

    The poll finds:

    • 34 % Agree
    • 34 % Disagree
    • 32% Not Sure

    Then, there is another Krugman opinion: “it’s clear that when it comes to economic stimulus, public spending provides much more bang for the buck than tax cuts.”

    • 31 % Agree
    • 42 % Disagree

    On all of the questions surveyed above, American voters under 30 are more likely to agree with Paul Krugman.

    There certainly appears to be a disconnect between American voters and the Far Left ELITIST Krugman. Is it because American voters are not academics and live in the real world? 

    Or do they simply have experience on how government spending can be wasteful and tax increases oppressive?

    Take your pick…….


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