me and my parents agree that the rest of the countries are garbage, which is why everyone wants to come over here — Shushi
Sowell, T. (2012). Trickle-down theory and tax cuts for the rich. Stanford, CA: Hoover Institution\
Press, Stanford University, (pp. 13). — Shushi
You can call me dumb — Shushi
but he's referring to how there is a pattern of tax cuts and greater returns, although that isn't is main argument, as much to dispel the argument that those who label supply side as "trickle down" economics make, and look at several periods that follow this trend of a two fold growth in the economy, that includes more wealth generated back to the government, as well as more wealth to the citizens or those who are part of the demand side, essentially supply side is a two fold wealth generator, which even since the recession in 2007 was fixed partly because of the effectiveness of supply side, which isn't the only factor, but it has a successful and self evident track record which doesn't seem unreasonable from his end. But yeah his arguments go more than just 2012, all the way back throughout its history. — Shushi
Just to make sure we're in the same page, let me define some terms properly. — Shushi
Essentially supply side economics is the idea that if producers are given back their money, they're going to produce new and better products (improve quality and drive down prices through competition, and new technology and innovation [like Iphones and small computer become affordable and which is why this is an essential factor in order for Moore's Law to keep the same trend]), and that supply will generate its own demand, thus the economy will keep rolling and the cash will be flowing, unlike the strawmans that its going to trickle down slowly into the entire economy where the economy and innovation are stagnating. — Shushi
This is different from a demand side economics which tries to focus the wealth to non producers who don't create new technology or innovation, meaning that funds stagnate because there isn't anything inherently innovative or incentive for funds and value to grow, I mean you can distribute the wealth to everyone but not everyone will multiply those funds, whereas entrepreneurs and producers will do more with those funds. — Shushi
I mean you can distribute the wealth to everyone but not everyone will multiply those funds, whereas entrepreneurs and producers will do more with those funds. — Shushi
after the Reagan tax cuts in 81 — Shushi
Supply side even works in europe which is why Denmark has been cutting its taxes too, — Shushi
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