Originally Posted by David Cotterell
Noted lefty rag, The Guardian, destroys "supply-side" economics in this article.
https://www.theguardian.com/commentisfree/2019/jun/12/why-are-we-still-pretending-trickle-down-economics-work?CMP=share_btn_fb&fbclid=IwAR1WsYSXjscUP4cyg8tv5Ltxje3eoAht5_1DLXvZS1uwh1KzNNTMLFNyg6s
The main point is in two paragraphs.
"Each and every time state or federal governments have tested Laffer’s trickle-down theory, deficits balloon, rich folks hoard their wealth at the top, and average Americans suffer.
The greatest periods of growth in our country, such as the 1950s and 1990s, have coincided with decisions to raise taxes on wealthy individuals and corporations."
Dave
Dave,
Doesn't it seem logical that a economy would do better in a country with low taxes? How is business helped if a government has high taxes, takes more than half of the private sector's money, runs it through a very large bureaucracy (and growing larger, not shrinking), and returns less than half to the people? There is truth in, "The larger the government, the smaller the man." Yes?