Re: Implications of Surplus Tax Cut?

[Carrol Cox]

Doug Henwood wrote:

>
> Why are ITCs un-Keynesian? JMK himself was interested in stimulating
> investment, and presumably raising the after-tax return of capital
> expenditures should encourage investment. (Whether it actually does
> or not is another issue.)

I've never quite understood this. What does the potential 'investor'
do with his money if he does _not_ invest it? Use if for wallpaper?
Or if he puts it in a bank, what does the bank do with it? etc.

Carrol