Quote:
Originally Posted by SebC
An inefficient tax cut comes at a cost either to spending or to efficient tax cuts. It's wasteful, and whilst different people support different levels of spending and taxation, I think we can all agree that waste is bad.
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Sure, I think most people would agree that waste is bad. Every extra tax cut puts fiscal pressure on the gov't which decreases spending. Gov't spending adds inefficiency to the economy, so less of it is more economically efficient.