The Two Faces of Taxation
Robert Barro Keynotes - The Robert Barro speeches delve into sensitive topics in fiscal and monetary policy that are heavily...
Barro shares his disagreement for stimulus spending and the disadvantages of having such a bill. He argues that the form of the taxation is alright for raising revenue, but is not efficient. It causes the government to grow larger, and in turn spend more. However, there is very little way around the entitlement programs, nor is there a better alternative for gaining revenue. He ends with a statement by Larry Summers on why Fiscal-Stimulus packages are controversial, stating that "democrats thought it was regressive and republicans thought it was a money machine."