Quote:
Originally Posted by The Demon
Honestly, have you any idea what is going on here? Do you understand economics? And I'm not talking about mainstream "spending is the answer" Keynesian bullshit. Your entire post proved my point, completely. Tax cuts for the rich increase savings for those rich. Savings in the form of savings account, stocks, etc, increase capital investments, which ultimately boost the economy. Supply Side Economics is what works for this countr
y and others. Demand side economics/Keynesian economics have never truly worked because they are based on fundamental flaws.
Here you go doc.
http://tutor2u.net/economics/revisio...-spending.html |
Great article on UK Firms... however in America with our personal tax rates, tax system and setup, things worked out a bit differently. That's the American History that was shared with you.
You asked for proof, it was provided... Lowering taxes did not spark economic growth, it did not spark new found investments, job growth, etc. The rich saved the money for a rainy day - I don't discredit that it's a good thing to save money, I'm sure some use it too - I did however provide proof that them saving does not equal growth in the areas you stated.
And again, I'm not saying it's not a good thing but I am saying it doesn't create the one sided benefits you appear it to create.
P.S. I don't care about your fake economic studies.