hi dig,
supply siders said, and still say, that by some voodoo, reductions in tax rates will generate more income via innovation than is lost via rate reduction.
this is absurd. we've seen over and over that it doesn't work unless the tax rates are extremely high.
what seems to be the real aim? to create the deficits they can then use to curtail welfare for the vulnerable.
it's simple brutallism. they pretend being brutal makes the patient healthy. but the state of nature in this model is survival only of the fittest and luckiest. the losers die. and for most compassionate people, that is not an acceptable model.
and in the end, we are beginning to find out that a certain measure of altruism is efficient.
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