Explaining Supply-Side Economics

[rdubwiley]

[immoderate]

1. Kick.

--imm

[Gothmog]

2. Great video

This does a good job on explaining the fallacy of the Laffer curve

[Warpy]

3. We have a perfect illustration of this right now in Kansas

Brownback drastically lowered taxes on the rich and corporate and waited for the money to come rolling on in. Naturally, it didn't. It seems the Laffer curve only works when tax rates are well in excess of 90%, and even then, there are so many other variables like wages, productivity, willingness of wealthy people to provide seed money rather than just hoard. You'd think conservatives would realize that something that was simple enough to be sketched on a dinner napkin would simply not work in a complex system like an economy but that's why they all loved it, it was simple enough for a conservative to understand.

Brownback is between a rock and a hard place: either he has to raise taxes or he has to live in fear of defenestration before his term is up by a population in full rebellion over the complete lack of services.

[JDPriestly]

4. K&R.

But what does the picture of the man have to do with the rest of the video?

[rdubwiley]

5. Nothing

It's supposed to be a rich guy.

[JDPriestly]

6. I was just curious. I like the video.