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| Re: Mustang Air to Air: The Sequel |
While that absolutely should be corrected, our problem isn't taxation, it's wreckless spending and entitlements.
I don't blame you for posting a conservative think tank's conservative economic policy even though it has been historically shown to be wrong: it aligns with your beliefs.
Sorry Jim, but our problem is a combination of spending and revenue. What spending needs to be cut we will of course disagree on, and that can be another discussion at another time.
There is actual, practical, historic evidence (not "studies") for decreasing taxes leading to economic hardship on a broad scale. (Twice now in the US to a significant degree: The Great Depression and the recession of 2007. Both saw conservative presidents enact three tax reductions on the wealthiest Americans in the years leading up to economic downturns. Both periods in time saw the greatest inequity--by far--amongst Americans.) This is evidence that conservative economists really don't understand their beloved Laffer curve, or are willfully ignorant of how it works. Hey, a sorely-skewed one-sided story from a politician, who'd a thunk?
While the fascist economic principles of Reagan would have been nice were they to work, they don't: they never will in the real world. The same goes for a purely communist economic plan. What is proven, however, is that middle-out growth spurs economies more than any other scenario. Look at China. Their middle class is growing at a fantastic rate, and so is their economy. They're are, of course, not democratically-run (but neither are we). Their wannabe capitalist-communism is kicking the ass of our plutocracy.
Penalizing the poor is also shown not to work. Current austerity measures in Europe right now are hampering the economy. But wait, we've seen this before! A historical magnifying glass on post-WWII Europe shows that austerity in post-WWII England decimated their economy. The paradox of thrift destroys economies.
If you're going to treat the poor like mules, you will find that carrots are more stimulating than sticks. Especially when they're dying. While "measured response" is in the vocabulary of some congressmen, it's definitely not there for their economics.