The Fall f the United States, The End

[Eddies66]

Originally Posted by Alan Roehrich

It worked under Kennedy, Reagan, and Trump.



The fact that increased spending increased the deficit and the debt does not refute that lower tax rates and fewer regulations improve the economy and increase tax revenue.






The idea that you can "give poor people money" and improve the economy is proven false, constantly. It doesn't even improve their position.


"Consumers" do not employ people. Producers employ people, making it possible for those who consume to have income to fund their consumption.


The top 50% of the tax payers pay 95% or so of the tax revenue. The top 10% pay almost 55%. Reducing the tax rate on those people encourages them to invest and spend more to increase their income, increasing their income increases revenue.


Further, corporations do not pay taxes. The increased cost of doing business caused by higher tax rates is merely passed on to the consumer in the form of higher prices, and drives production out of the country, killing jobs.


Read Sowell, Freidman, and Laffer. Keynes and Krugman are as disproven as Marx.

Wrong, Cutting taxes for the wealthy often does not translate to increased rates of employment, consumer spending, and government revenues in the long term. Instead, cutting taxes for middle- and lower-income earners will drive the economy through the trickle-up phenomenon. The added income for the wealthy, resulting from tax cuts, will simply increase the growing income inequality in the United States.

Trump and Reagan used it and both tripled the debt.