FactCheck.org: Supply-side Spin
Tax cuts DO NOT increase tax revenue no matter how many times youy lie about it.
Well this proves democrats have zero understanding of human nature. So now your argument has turned they would be higher.
Different then your other rethoric.
1) Human nature is more complex than the laughable 'curve'
Ludwig von Mises Institute - Homepage
2) Republicans have no understanding of human nature or the economy. They think the rich make money and then hire just because. They fail to grasp that the sole reason for hiring is because there is a demand to be met and potential to make profit by meeting it. 'Supply-side' does not work, has not worked, and will never work. The only way to stimulate the economy and give businesses a reason to hire is by increasing demand. You increase demand by ensuring that the working class has money to spend on things they want, thereby creating demand. There's a reason these companies sell their goods in the U.S. and not to the exploited poor in China and Indonesia. The latter do not have the money to spend- they create no demand, so there is no money to be made selling to them. That is why
we are the consumers and they are not.
When the rich exploit the proletariat and the common man has no excess income to spend on things he desires, the bourgeoisie ultimately undoes itself, as there is no demand for the capitalists' goods and services. After all, the bourgeoisie already have plenty of money- a few extra grand will not encourage a millionaire to buy anything new or create any new demand for anyone else's goods or services.
Today's homework assignment:
1) Define:
-marginal utility
-surplus value
-demand
2) Explain the relationship between marginal utility, market demand, and the working man's discretionary income
3) Explore how this explains the rate of market return of tax cuts for the wealthy as compared to unemployment assistance and tax cuts for the working class. Explain the logical fallacy of the 'Laffer Curve', using Austrian behavioral economic theory.
4) Explore how these interactions explain the growth of the United States and its economy, including the rising standard of living and increased surplus value experienced by both worker and capitalist following the fairer-wage progress of the labour movement in the U.S.