A rather prolific blogger has had a rather good time bashing the supply side economics theory as of late. His education in economic theory appears to come from the populist genre’ and not from any sort of formal training.
If trickle down economics does not work, then how does the reverse occur? When those with Capital; You know, the big bad people with the money and corporations. Don’t invest and create jobs, thereby spreading and creating wealth because they themselves don’t have enough liquid income to justify the risk what do you call it?
Increasing taxes removes income that could be invested. Creating jobs and spreading the wealth through that medium then becomes less tenable. So how is it that this does not work then..?
Going about my daily routines I hear a lot of whining. Usually having to do with something along the lines of “paying their fair share,” or something close to that. I submit that a fair share would be a flat tax. The same rate for everyone. What a novel idea! To bad that I was not the first to think of that. That little gem belongs to a Roman Emperor I believe.
Then we have various assorted idiots that claim that we are under taxed. Those same people then go on to present fuzzy math based only on a single tax criteria. Failing to add up all the different taxes that we pay. Why not include all the different state and local taxes, fuel taxes, library taxes, and so on? It’s pure speculation on my part to be sure. However, everyone of them appears to be a supporter of ever bigger and expanding government. To me, that is simple dishonesty.
So why lower corporate taxes? To bring back capital investment that has been moved overseas is one reason. That means jobs for Americans here at home. Isn’t that reason enough?