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  • The Idolatry of Ideology - Why Tax Cuts Hurt the Economy

    05/02/2003 7:55:36 AM PDT · by please sir may i have a dollar · 43 replies · 443+ views
    alternatives ^ | Russ Beaton
    <p>Never have so many been fooled for so long by an idea so totally lacking in economic logic, facts and theory. I am speaking of the religiously held and seldom questioned premise that (are you ready?): TAX CUTS STIMULATE THE AMERICAN ECONOMY.</p> <p>I’m fully aware that I risk excommunication from the Church of Economic Science when I argue exactly the opposite: Tax cuts actually hurt the economy. It isn’t just that they don’t help, or that they’re ineffective—THEY REALLY HURT!</p>