Quote:
Originally Posted by CorsiHockeyLeague
It doesn't have to be, if you project that the tax cut will stimulate enough economic activity to increase the tax base to compensate.
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I have been listening to sundry British, Canadian and US right wing parties selling this bull for decades and it is utter tosh, while I agree over taxation can be a drag on an economy I have never seen any evidence that less tax, with it's massive concurrent cuts to essential services, increases anything but poverty and pain
The most successful economies have always relied on massive government spending, be it through providing educated workers, good transportation, healthcare etc, the third world is full of countries that have little or no taxes, no one is building a chip fab in Somalia or the Congo though