Reasoners on the Tube: Nick Gillespie on Payroll Tax Cuts

I was on Fox Business yesterday and talked with Charles Payne about the current fight over payroll tax cuts. My basic points were these: The payroll tax cut has had no stimulative effect and hasn't done diddly with regards to employment. The one upside? If the cuts are extended without corresponding cuts in Social Security benefits, it just might wake people up to what a phoney-baloney mandatory retirement system we've got.

About 4 minutes.

Comments

[Joe M]

I just want to keep more of my own money.

[Coeus]

While Nick makes several good points, I'm with Joe. Just let me keep more of my own goddam money. Fuck the parasites.

[Slap the Enlightened!]

Truly, we have been blessed.

[Fist of Etiquette]

I also want to keep more of Joe's money.

[Pro Libertate]

I am Joe's wallet.

[Joe M]

I always knew you were a closet commie, what with your divergence from libertarian orthodoxy.

[Fist of Etiquette]

I've been careful not to call myself a libertarian because I DON'T KNOW WHERE THE LINE IS. No one will tell me.

[Uncle Joe]

What the hell is with these bullshit utilitarian arguments?

Payroll tax cuts do "more harm than good"? To whom, the people that get to keep more of their own goddamn money?

So what if the taxcuts are small and it won't stimulate the economy? If the people who get to keep more of their own money want to eat it and shit it out in a field of daisies, that's their prerogative. It's private property.

Why is a libertarian arguing against tax cuts, period?
Maybe they'll have some unseen consequences caused by the government, but then criticize the government for those unseen consequences they cause, not the taxcuts.

[Coeus]

The only it makes sense is to view it as an outreach program to people without the values libertarians posess. Whether it's a good idea to do that this way is another matter.

[GW]

Of course they've done nothing to stimulate the economy. People are too afraid to spend their money. That doesn't mean the government should keep it though.

[PermaLurker]

What Joe said. Plus the payroll tax REALLY blows when you're working minimum wage...at that level there's a huge difference in quality of life between taking home $280 a week and taking home $300.

[romulus augustus]

The proposals all really expose the Lock Box myth and the Trust Fund dodge.

[fify]

So only bankers, CEO's, and employers should receive tax cuts, how.....thuggish. No surprise really, since most on here want us to be slaves to these people.

[fify]

Also, the thugs were spouting their filth when Ron Paul wanted to make tips untaxed. Seriously, if you want to see a thug, or a hypocrite, look in the mirror.

[Nike Dunk Shoes]

thanks

[Roger Cooper]

Nick Gillespie attacks tax cuts and views savings as bad. What is the libertarian part of his position?

He also speaks with uncharacteristic nervousness.

The payroll tax cut, paid for borrowing (and monetary expansion) is a monetarist-libertarian form of economic stimulus. The massive drop in housing prices is the main drag on the US economy. Falling prices are even more harmful than rising prices. Putting money in the hands of ordinary people to spend is the simplest of counteracting low housing prices. At the current extremely low interest rates, there is no sign of government borrowing crowding out private borrowing.

[Cheap YMCMB hats]

What the hell is with these bullshit utilitarian arguments?

[Monster Beats Diamond]

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