Given that the “Rich” pay most of the federal income taxes and the bottom 50% pay NOTHING you seem unaware that the ability to stimulate the economy is dependent upon the ability of of the “Rich” to INVEST. Ever heard that term?
I’m sure you approved of the “Yacht Tax” from a few years back. You know, the one where the luxury boat industry was almost destroyed by a new “Soak the Rich tax” and thousands of high paying jobs were lost as builders went out of business. I’m sure Ronnie would have supported that one....NOT.
If the theory, heavily subsidized by the comfortable, that there is some sort of automatic relationship between cutting the taxes of the comfortale and shifting those taxes to the afflicted and a rise in job creation. where are those jobs??? Before social conservatives elected Ronaldus Maximus, there was a 70% rate in taxes on the most comfortable levels of income. Ronaldus Maximus slashed those taxes to the more recent (pre-Dubya) 39.5%. Dubya reduced that rate further to 35%. Where are the jobs???? Maybe the tax cut money went into tax-free municipal bonds representing lavish and unnecessary spending to insure that the comfortahle not have to, well, pay taxes on the income therefrom. As Leona Helmsley famously said to her accountant before her stay in the federal hoosegow, "Taxes??? Those are paid only by the little people!!!"
When the bonds are bought, the money generated from Mr./Ms. Gotbucks is divided between graft for the compliant politicos, sugar for the Davis-Bacon protected unions, and more largely unnecessary and inefficiently costly gummint expenditures.
The yacht industry never had thousands of jobs to lose. How WOULD America survive without its yacht "industry?" A lot easier than it is surviving without its steel industry, its auto industry, its defense industry and a raft of other once American industries outsourced to Bangladesh to improve the "bottom line" of the comforted comfortable and to deconstruct the American economy to provide the entire profit to the comforted comfortable. Ask yourself whether even your boy Hamilton would agree.
Other uses of tax cut money: ever more costly jewels and baubles for the trophy bride or paramour, vacations in NeverMeverLand (quite devoid of American workers), purchasing long completed art works, coin colletions, stamp collections, and other collectors' items, being a big shot at multiple annual charity balls (thereby providing the money necessary for the charity execs to fight [whatever cause] in true style and receive an income to put those execs in the top tax bracket without visible results for the objects of the "charity,") all tax exempt according to the near religious demands of the comfortable.
Even Ronaldus Maximus was not perfect but he came closer than any POTUS since Old Hickory.
What percentage of soldiers, sailors, marines, airmen, police, tow truck drivers, nursing home workers, hospital workers, factory workers, mechanics arise from that 50% who pay no income taxes? What percentage from those who wallow in comfort?