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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (513190)9/15/2009 4:12:58 PM
From: i-node  Read Replies (2) of 1576717
 

Again, take this up with Ben Bernanke. His credentials in economics far exceed yours.

Of course they do; and while he isn't a hardline supply sider, he is even-handed. I have no issue with Bernanke, but the truth is economics on his level is a different thing than talking about the next tax cut.

The reality is that when top marginal rates are high -- as they are now, and you cut them, you're going to get a surge in economic activity.

When Bush cut the dividend tax, for example, you had companies like Microsoft who had never paid a single dividend, paying out billions -- the result of which is increased investment.

When cap gain rates are cut you get a surge in venture capital which leads to the economic growth of the late 90s.

SUPPLY SIDE WORKS. Consistently. And you argue about it from now on, but this isn't all conincidence.
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