Former Physicist and finance-type. Not very chatty, mostly here to listen and learn. Will try to post the occasional thread on the most interesting thing I read each day, probably politics and democracy related.
And they have overwhelmingly found that tax cuts for the rich never produced enough extra economic activity to offset the cost of the tax cuts. Every bond market investor knows this. So when Truss stood up and said she believed in fairies and unicorns, they understandably ran for the hills.
March 22, 2025 at 10:27 AM
And they have overwhelmingly found that tax cuts for the rich never produced enough extra economic activity to offset the cost of the tax cuts. Every bond market investor knows this. So when Truss stood up and said she believed in fairies and unicorns, they understandably ran for the hills.
Unfunded tax cuts for the rich with no plan for investment/growth was always gibberish. Thatcher and Regan got away with that type of silliness because nobody could instantly refute the trickledown hypothesis. It sounded plausible. But that was 40yrs ago. Economists have bothered to check since then
March 22, 2025 at 10:27 AM
Unfunded tax cuts for the rich with no plan for investment/growth was always gibberish. Thatcher and Regan got away with that type of silliness because nobody could instantly refute the trickledown hypothesis. It sounded plausible. But that was 40yrs ago. Economists have bothered to check since then
Spread the cost across the spectrum in a vaguely fair way and people will accept it. Lump it all on one group of people (especially the most vulnerable in the country) and you’re going to haemorrhage support.
March 22, 2025 at 10:27 AM
Spread the cost across the spectrum in a vaguely fair way and people will accept it. Lump it all on one group of people (especially the most vulnerable in the country) and you’re going to haemorrhage support.