Acordar as moscas que estão a dormir (parte XXI)

"If people are in aggregate poorer, they must reduce their aggregate spending. It seems almost inconceivable that they will only want to cut their private expenditures. Public spending will need to be cut, too. It will hurt, but it will have to be done."
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"If the long-run proportion of public spending in national income is to stay much the same as planned prior to the crisis, the long-run proportion of receipts should remain the same, as well. But, given the structural shifts in economies, this will now require a different structure of taxation. We have to tax what exists, not what has disappeared."
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Trechos retirados de "Martin Wolf: highly progressive income taxes are a folly" de Martin Wolf.