Stump thinking

I wrote in 2013 about why our economy did not need the government to run a surplus. I would argue, very strongly, that nothing has changed since then: at a time when the economy is suffering external shocks resulting from Brexit the last thing we need is that the government withdraw funds from people’s pockets and seek to deflate economic activity, but that is exactly what running a budget surplus means would happen.

It’s also what closing the Tax Gap means, withdrawing funds from peoples’ pockets and thus deflating economic activity.

12 thoughts on “Stump thinking”

  1. “He is a vain, racist, bullying, misogynistic, ignorant liar”

    Is the above –

    a) Murphy describing Donald Trump

    b) Murphy stood in front of a mirror and describing what he sees?

  2. “at a time when the economy is suffering external shocks resulting from Brexit the last thing we need is that the government withdraw funds from people’s pockets

    I agree with Ritchie: he has just argued for (total?) tax cuts.

    Well done Ritchie. No more tax! No more tax!

  3. Given he only intermittently understands incidence, he may just be referring to labour taxes.

    Still good with me.

  4. Yet another classic in the comments

    ‘Richard Murphy says:
    November 8 2016 at 1:05 pm

    It could be…

    But actually the tax should not be collected. The issue is that the wrong taxes are being collected’

  5. What would you all do if Ricthie didn’t keep providing this prodigious bounty of stupidity?

    There’s so much I’m beginning to suspect he has a support team.

  6. The tax gap is different because the Government will spend the money wisely and create prosperity for us all.
    Assuming you believe that rubbish.

  7. the last thing we need is that the government withdraw funds from people’s pockets and seek to deflate economic activity, but that is exactly what running a budget surplus means would happen.

    Is he against withdrawing funds from people’s pockets in general, or only if there is a government surplus? Because this is the man who advocates eye-watering consumption taxes designed to drive everyone down to a level of consumption which would have been fairly uncomfortable in 1950s Britain, let alone today.

    Does he ever, even for a moment, think about the daily, nay hourly contradictions he makes?

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