My economics days are way behind me, especially macro, so why would giving individuals more money to spend/invest disincentivize individuals to invest in tax free government bonds later on in their careers/lives when protecting their portfolios is of utmost importance?Would all the laid off govt employees take the deported illegal immigrant criminals' jobs in this plan?
Doesn't lowering the tax rate also provide incentive not to invest in tax free govt bonds thus crippling state and local govts?
Bonds are debt. I'd rather let countries like China set up/take over businesses in the US and pay the corporate tax rate vs. offshoring business to them and borrowing their money to fund US needs while they hold the US hostage.