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Non-Tech : Kirk's Market Thoughts

COHR 159.31

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11:07 AM EST

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To: Kirk © who wrote (20109)	8/26/2024 12:07:47 PM
From: TigerPaw	Read Replies (1) of 26446

I proved over and over here that taxes collected GO UP when you collect the rates because of many things including the stimulus to the economy causes more than enough economic growth to pay for it. No you didn't, every significant tax cut in our generation has resulted in larger deficits a few years later. It's only a 'Dead Cat Bounce' of revenues that occurs near the time of the tax cut that you are noticing. Your own charts show deficits ballooning after big cuts like from Reagan and Bush Jr. The only deficit relief was when Bush Sr. said no new taxes but raised tax anyway. Supply side tactical economics has never provided a benefit equal to it's costs. The increased supply does not automatically lead to an increase in demand, so when inventory swells the workers are layed off, and demand goes down, not up. The effects that trickle down are not prosperity, just income inequality.

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