09-29-2016, 07:56 AM
(09-28-2016, 07:47 PM)X_4AD_84 Wrote: I used to be a big supply sider. To be fair, I still am in a sense, but with the following proviso. Everyone, including rent seekers and super rich who don't have normal salaries, and therefore have mainly cap gains, needs to pay their fair share of taxes. Presently you have some, especially super rich, who essentially pay something between 0 and 15%. That's shyte. If you are going to give the rich easy money for their investments than we need to have easy tax recovery in return.
There are times for supply side. The principle is not without merit. However, right now we have low interest rates and a huge division of wealth. There is no lack of funding for new ventures. Also, we have a large government debt. This is not time to go hog wild with any flavor of stimulus. Right now pushing additional supply side will only increase the debt while starving main street of the funds it needed to get real work happening.
Might drive the production of extreme luxury goods, but that's about it.
That this nation, under God, shall have a new birth of freedom, and that government of the people, by the people, for the people shall not perish from the earth.