Democrats, Republicans, and Supply-Siders Misread Reagan Deficits
Reagan tax cuts did cause deficits, but not for the reasons expressed by Democrats, Republicans, and supply siders.
Read
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
54 essays · Newest first
Clear filtersReagan tax cuts did cause deficits, but not for the reasons expressed by Democrats, Republicans, and supply siders.
In short, California already has a wealth tax whereby it arrogates to itself far too much of the fruits of rich people and rich company production. There’s the cause of the debt. Simple stuff.
What’s a more immoral leave-behind to the sainted “grandchildren”? Debt that investors line up to purchase at the lowest rates in the world, or a massive, resource-swallowing government that achieved…
We have massive debt because Treasury collects way too much tax revenue, and that’s because the American rich are wildly overtaxed.
Deficit hawks continue to make the debt the story, which means they’re distracted and they’re distracting their flock. $33 trillion in debt isn’t the problem as evidenced by how much investors line…
The implied point in the Post headline was that government spending makes most sense when the economy is weak, a supposition suggesting that central planning of resource allocation is most needed…