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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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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That's an absurd oversimplification of an entire tradition in economic thought.
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The problem is that its proponents have, all to often, bought into that same absurd oversimplification.
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The Laffer Curve is simply cover for continuous tax cuts for those who don't need them. There's a reason it's pronounced "laugher".
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not only this, the weight of evidence suggests that insufficient taxation actively harms growth
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Not sure it was ever really about trickle down, but more retention of wealth at the top to secure world economic dominance.
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While allowing g the rich to get even richer.
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