Quote:
Originally Posted by Locke
I'll try and read it later when there is more time, but the fact of the matter is that 'Trickle Down Economics' has some merit in concept but is fundamentally flawed in practical application.
The thing about Economics and one of the most misunderstood concepts is that you cant change one variable to achieve a desired result and expect all other variables to remain the same.
As such, its simply one tool available in the right circumstances, but it has to be followed up with various other economic tools and legislations in conjunction in order to ensure the proper application. It also surmises that the Government wants to shift economic responsibilities on to the Private Sector and simply assumes that the Private Sector is actually going to accept those responsibilities.
Further, one of the principle variables you have to account for is 'people' and their actions and as I think we can all attest, the actions of people typically defy accurate prediction.
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The concept that we should always cut taxes at the top or the bottom is absurd to begin with. There are situations where society, as a whole, is better off with lowering or raising taxes at the top. To say that lowering taxes at the top never helps is ridiculous. That's like saying you should always put on a warmer coat, and keep putting them on.