Why do people believe that lowering taxes for the rich creates job?
Cross reference the top marginal income tax rate and historic unemployment. There is no correlation. Even so, why does the myth of Supply Side Economics remain so powerful in the conservative imagination? Yes. Conservatives always believe the tax rate is to the right of the apex of the Laffer Curve. Laffer may have touched on some fundamental truth with this conjecture, but as you said, it does not apply in the current situation.
Asked By: - 11/8/2012
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Trickle-down isn't a completely groundless recovery principle, but it doesn't help the situation that we're in... More
Answered By: CAustin - 11/8/2012
Additional Answers (4)
It's been on the selling block for decades, and it seems many haven't woken up to the fact that it just doesn't pan out in reality.
Answered By: melouofs - 11/8/2012
The main issue is not the tax rate. It's the regulations. And no amount of tax breaks will convince employers to hire when conforming to regulations are either too complex to consider, or too costly... More
Answered By: Integration 20 - 11/8/2012
Here is the way it works. The more money the rich have, the more frivolous toys they can purchase like a yacht. Now they need a crew for the yacht, somewhere to purchase it, and another to have it serviced.
Answered By: Vyzygoth - 11/8/2012
First you have to assume that it is right and good for a government to unilaterally set the price for its services and then collect that price by force of arms if necessary. Everybody in the country has to assume that, even if they refuse to face their choice. But repression does not change reality: there is no fair... More
Answered By: SmartAZ - 11/8/2012
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