Supply side economics are irrelevant because it goes deeper than that. Debating supply side economics presumes the primary purpose for the existence of government is to generate as much revenue for government to spend as possible. Even if lower taxes don't result in growth and more money for the government, what is so wrong with letting people keep more of their own money? Wealth not seized by taxes still exists. Wealth doesn't have to be government controlled to have or produce value, you know.
We could cut the Federal Budget Deficit & Debt by 1T$ over 5 years by putting in the 50B$ a year in Defense Cuts that Secretary Gates wants, reforming Entitlements, establishing a Hiring Freeze on all Federal Workers, reforming Earmarks & require all of them to be paid for & put in a Freeze on all new Federal Government Spending.
Supply side economics are irrelevant because it goes deeper than that. Debating supply side economics presumes the primary purpose for the existence of government is to generate as much revenue for government to spend as possible. Even if lower taxes don't result in growth and more money for the government, what is so wrong with letting people keep more of their own money? Wealth not seized by taxes still exists. Wealth doesn't have to be government controlled to have or produce value, you know.
siclos 1 year ago
We could cut the Federal Budget Deficit & Debt by 1T$ over 5 years by putting in the 50B$ a year in Defense Cuts that Secretary Gates wants, reforming Entitlements, establishing a Hiring Freeze on all Federal Workers, reforming Earmarks & require all of them to be paid for & put in a Freeze on all new Federal Government Spending.
FrsBigeasy 1 year ago