Read the story here. Advertise at Before It's News here.
Profile image
By Schansblog (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

pejoratives vs. powerful econ concepts: "trickle down" and "supply-side tax cuts"

% of readers think this story is Fact. Add your two cents.

 A great title in an essay by James Petrokoukis related to the pejorative (“trickle-down”) used to describe a powerful Econ concept (“supply-side” tax cuts). The idea is simple and inarguable: cutting tax rates encourages more of the behavior being taxed. In the case of income taxes, it promotes productivity, entrepreneurship, innovation, honesty in tax returns, etc.

Aside from the ethics of (high) taxation, “by how much” is the important follow-up empirical question. Clear net benefits when JFK cut the top rate from 91% to 70%. Clear net benefits when Reagan and the Dems cut it to 28%. Since then, it’s mostly dinking around with rates between 28% and 39.6%.

What do proponents of higher tax rates want?
-The top 1% pay 40% of federal income taxes; the top 50% pay almost all of it. Who would want these proportions to be even higher?
-The bigger deal in federal taxes on income is FICA, but the Dems love that terrible tax on the working poor and middle class, demagoguing any efforts to talk about changing it.
-The real answer: an op for pols and partisan enablers– for Dems to pose against the wealthy/productive; and for GOPers to pretend they’re fiscally conservative.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.