Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (358983)	11/16/2007 8:13:50 PM
From: bentway	Read Replies (3) of 1578188

I believe in supply side economics up to a point, and the majority of economists do too. If taxation is really too high, high enough to actually be a drag on the economy, cutting taxes will stimulate the economy. No serious economist thinks taxes in America are anywhere near that point. Also, the tax cutting is supposed to go hand in hand with expenditure cuts to avoid deficits. This NEVER happens. Supply side economics is a dangerous fairly tale that people that hate taxes LOVE to believe. As I asked TopCat, if we cut taxes to zero, do government revenues become infinite? He said "Yes"! t

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