Monday, June 15, 2009

Isn't Supply-Side Economics Debunked By Now?

The question I'd like to ask every politician who opposed tax increases and favors cuts to social services is this:

"You are placing a rather large bet on the idea that the budget is best balanced on the backs of the weakest, the neediest, the sickest, etc., and that we must not under any circumstances ask the rich to contribute even one cent more, all on the theory that increasing taxes will cause more harm in the long-run by discouraging enterprise. Given the size and social importance of this wager, can you tell us what evidence you have that this theory is true?

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