Yes, I’d like to hear ksen tell us with a straight face how taxes grow the economy by taking money OUT of it.
I've never claimed that taxes grow the economy. I've claimed that higher marginal rates have not been shown to hurt the economy.
Personally I think what people want is a steady tax rate whatever the rate. Tax uncertainty probably causes a lot more damage than whatever the rate is set at.
Oh, but I have claimed that lower tax rates leads to concentrations of capital and wealth, which I believe the data also bears out.
What has failed is not supply side economics.
What has failed is government interventionism.
You cannot honestly say that supply side has been implemented when you have government pushing GM, buying GM, pushing, promoting, propagandising the Volt etc and nobody is buying the darn thing.
We’ve had a semi-managed economy since 2009.
Semi-managed because government doesn’t control everythig -yet.
But, we’re going to see MUCH worse for the next four years.
And it won’t be supply side economics that is failing for the next four years.
It will be Obama’s blundering attempts to shove his garbage down our throats and stifle businesses all in a misguided effort to punish America for success.