1. When a history of the degeneration of the GOP is written, pride of place has to go to supply side economics https://newrepublic.com/article/145331/art-laffer-intellectual-rot-republican-party …
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3. The main claims of supply side economics have been tested repeatedly & tax cuts don't generate enough growth to make up revenue.
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4. Supply side economics was early prime example of pseudo-scholarship triumphing over policy expertise, setting stage for climate denial
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5. It's fitting Trump has embrace Art Laffer since Laffer created mindset that allowed Trump to take over GOP https://newrepublic.com/article/145331/art-laffer-intellectual-rot-republican-party …
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The idea that tax rate at 0% and at 100% collects same amount of $ is idiotic on it's face and there is no justification for it
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Also difference in rates. An argument when top marginal was 77% (or 90% under Ike!), but when it's 40? New circumstances -> new policies
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"War w/ Germany ushered freedom/prosperity in Europe. Let's solve Europe's lost decade and rise of far-right by invading Germany!"
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How many times do we have to run this failed experiment? No more.
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None
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