"Driving with one foot on the accelerator and the other on the brake is likely to get you nowhere, but certainly will burn out vital parts of your car. Similarly, cutting taxes on the middle class, but increasing them on the 'rich' is likely to result in an economic burnout"
- Terry Savage
About this Quote
This quote by Terry Savage is a metaphor for the repercussions of financial policies. It suggests that if a federal government cuts taxes on the middle class, but increases them on the 'rich', it will be like driving a car with one foot on the accelerator and the other on the brake. This will not get the economy anywhere, but will instead cause a financial burnout. This burnout could be in the form of an economic downturn, where financial growth slows or stops, or it could be in the form of a boost in inequality, where the abundant get richer and the poor get poorer. Ultimately, this type of policy is unsustainable and will result in economic hardship for all.
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