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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (266320)12/29/2005 4:15:13 PM
From: TimF  Read Replies (1) of 1575254
 
In the short run the supply side idea is pretty much what you are supporting, except that its likely that many people identified as "supply siders" might pick a lower tax rate at the point where tax cuts "maximise profits" than you do. The bigger difference is that "supply side economics" assumes that a lower tax rate, even if it reduces current tax revenue, can create conditions for higher growth and thus increase future tax revenue. I think that idea is basicaly true, but I think the idea that it always works out that way is a silly idea, the way the economy responds to a tax cut depends on a lot of factors, not just "how big was the cut".

Tim
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