Tax cuts are hardly Keynesian. Keynes is used by the socialists to justify INCREASED SPENDING, never tax cuts.
TRICKEL-DOWN ECONOMICS
More stupid government-speak. The government views everything in terms of government. If you keep you own hard-earned money, the government thinks that's money that somehow the government allows to "trickle down" from government to you. What lunacy. Letting people keep their own hard-earned money is not "trickle -down", it's freedom. Less government is more freedom and unleashes the wealth-creating free market economy.
I see Galbraith is an elite Fabian Progressive socialist - a sort of economist version of George Bernard Shaw. Theoretically and historically, socialism creates poverty and failure.
“Tax cuts are hardly Keynesian. Keynes is used by the socialists to justify INCREASED SPENDING, never tax cuts.”
Actually they are. The real Keynes was not a Keynesian. He advocated tax cuts and government spending only during times of deflationary crisis, like the Great Depression. He believed in balanced budgets otherwise. He was not a socialist. Many who have claimed his name are.