Re: Question for Matty and wdywn
posted at 11/19/2012 5:52 PM EST
In response to skeeter20's comment:
In response to DirtyWaterLover's comment:
Higher tax rates for the rich, and economy doing well, and a balanced budget during the Clinton years.
Lower tax rates for the rich, economy crashed and burned, huge deficit under Bush.
Explain one more time how raising taxes on the wealthy is bad.
One more time:
Laffer curve. read up on it.
You are trying to compare the tax burden during a boom economy with the tax burden during a resession. I wouls say even the stupidest people would agree that raising taxes in bad times is not a good thing.
Ah, supply side economics.
My Sohpmore year in college, EC 302 Macro Theory. After the mid term, the professor was going over the syllabus. He gets to the end of the Syllabus which says "Supply Side Economics". I got excited because at the time I was Reaganite. So the professor says, "and if we have time, we'll go over Supply side economics in case anyone actually believes that stuff".
So skeeter, explain it to the class. Unless of course, you don't actually understand it.
And by the way, Reagan may have called what he was doing, "supply side" but it was really Keynes.
Speaking of Reagan, didn't he enact the largest tax increase in the nation's history?
Next up, Skeeter explaining how Reagan wasn't a true Republican.