on tax cuts for the rich (“supply-side economics”)

academic economists have known for many years that “supply-side economics” doesn’t work. they made a big joke out of “the laffer curve” which was supposed to show that it did. to stimulate the economy it is necessary and sufficient to increase demand, not supply (see “law of supply and demand” in your favorite search engine). this is done by giving tax breaks not to the rich-who don’t need them-but to the middle class, who uses the extra money to buy more. this increases demand and stimulates the economy. to claim otherwise is simply class warfare, lies, and propaganda. if you give more money to rich people, who already can afford to buy whatever they want, they don’t buy more, they just get richer…http://blogs.reuters.com/taxbreak/2012/09/12/which-tax-cuts-stimulate-the-economy/

Which tax cuts stimulate the economy?

blogs.reuters.com

Which tax cuts stimulate the economy?
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