Art Laffer: Stimulus Plan Will Hurt The Economy – ‘Government Spending Is Taxation’

Fox Business, Released on 4/2/20

“Government spending is taxation. Government doesn’t create resources, Stuart. They redistribute resources. Whenever the government spends $1 trillion, it takes $1 trillion from workers and producers who otherwise would — so government spending is taxation and as such, government spending will reduce the growth rate of the U.S. and will hurt the economy in bad, bad times.”

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