Wednesday, September 14, 2011

The fear of tax holidays

We need by my extremely careful calculation using doctor eve abel's 60 equation macronic model

In addition to the present federal deficit on plus 1.3 trillion dollars of annual deficit
At least another 1.8 trillion or 12% of GDP


-------Figure 4 % increae in employment given more hours per and productivity slack
requires as much as 3 times that in increased GDP-----

The tax holiday that requires will need to wipe out the first 3% of state sales taxes
And all Medicare premiums and 50 % rebates on private premiums and and

The fear

How do you re impose these extractions ?

Slowly very very slowly
Example say half the rate of wage increases