Our 28 year experiment in radical right economic theory is complete, the results are in; Trickle down economics DOES NOT WORK. The Laffer curve is a laugh. Cutting taxes does not result in more tax revenue (who could have guessed?), instead, predictably tax revenue goes down and deficits go up. Only after Bill Clinton raised taxes on the wealthy did we have a reversal in the borrowing binge of the Repubs. Not to worry, W undid that "problem" in spades and now the evidence shows that the last three Repub Admin have borrowed ten times more money that all other Administrations in US history combined.
Supply side economics is a disproved economic theory. It is demand that creates economic vitality and demand is created by rising wages.
Transferring wealth upward has nearly destoyed the middle class, the real driver of the economy.
Trickle-down, Supply side, Neo-Conism all into the ash bin of history.
Supply side economics is a disproved economic theory. It is demand that creates economic vitality and demand is created by rising wages.
Transferring wealth upward has nearly destoyed the middle class, the real driver of the economy.
Trickle-down, Supply side, Neo-Conism all into the ash bin of history.