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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (249168)	4/16/2014 11:34:25 AM
From: T L Comiskey	Respond to of 542203

My ..point..was that...Companies are not people When Reagan was driving the economy off the cliff.... (IMNSHO..thats what he did........................) his ..posturing......was 'Lets get Big Gov..off the backs of the people..'' his...Laffer inspired...Trickle Down... was a joke...................once again.....imo Trickle-Down Economics Is Based on the Laffer Curve: Proponents of both trickle-down and supply-side economics point to the Laffer Curve for their proof of how well tax reductions can stimulate the economy. Economist Arthur Laffer showed how tax cuts provide a powerful multiplication effect. Over time, tax cuts drive business growth and additional hiring so much that eventually the government revenue lost from the cuts is replaced. That's because the expanded, successful economy provides a larger tax base. However, Laffer points out that this effect works best when taxes are in the "Prohibitive Range." If taxes are already low, then tax cuts will do nothing more than reduce government revenue -- without stimulating additional economic growth.