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Home » Discuss » Topic Forums » Economy Donate to DU
TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-04 11:38 PM
Response to Original message
2. Well...
I said from day one of the tax cuts that the average taxpayer will use the 20 bucks a week or so to buy a couple more Happy Meals or sone Chinese-made trinket at Wal-Mart. Neither of which helps the job picture.

Of course, now that 20 bucks goes to higher gas prices.

I also said from years ago that supply-side economics is a strange rehash of Marxist theory of top-down decision making. Build a factory and they will buy. This is stupid-- nobody builds a factory unless they see a market for the goods.

Ultimately, all economies are demand driven. People buy stuff, and everything leads toward that buying. People need jobs and money to buy stuff. Don't give them temporary tax cuts,-- give them permanent income increases.

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