magical thinking?

[skippercollector]

I've been pondering this series of related questions for years, but have never seen anyone discuss either here or elsewhere. Has anyone else thought about this?
I've gotten the impression that if all of the things I am mentioning are done, that something else will occur that doesn't necessarily seem to be related to it.
So this is the question: If
1. Taxes are drastically lowered in the United States--federal, state and local;
2. Millions of government workers (not just the federal office workers, which is what I think most people think of, but also teachers, health care workers, sanitation and utilities employees, fire and police, and the military) are laid off so as to save the governments money;
3. Monetary support (Social Security, Medicaid, health care, unemployment, etc.) is drastically cut;
4. Regulations for business and industry are greatly reduced; and
5. Environmental regulations are completely dismissed,
How is all this supposed to magically mean that corporations and industries will start hiring all of their laid-off employees?
Wouldn't it instead mean that, even if all of the corporate and industrial workers are rehired, won't there be high unemployment for all of the government workers who have been laid off? Won't pollution worsen? Wouldn't there be greater chances of people getting injured or ill from work, and not being able to afford care?
I've got some additional questions but I would like to hear from some of you first.

[valerief]

1. You're correct, but you're forgetting the most important thing in the world.

Rich people will get richer. That's all that matters.

[Control-Z]

2. You've got it absolutely right.

Welcome to DU, skippercollector! I think you're going to fit right in here.

[jtuck004]

3. You just described this country b4 the previous Great Depression. n/t

[WCGreen]

4. The only real way tax cuts work is if they are targeted to bring about a social benifit...

Cutting taxes willy nilly does nothing unless there are stipulations.

But getting a tax cut just because you are rich sends a message that preserving wealth is of a higher priority than adding diversity to the economic mix.

[Shagman]

5. re-adjust the frame

The Money Party will tell you they want to "get the economy moving again," and that's why we need all the policies you list (or rather, lack of policies).

What they mean is that their economy will keep expanding. We're in the worst economic situation since the Depression, but the top 0.1% are doing better than ever. Workers are their biggest expense, so they'd love it if nobody in America took home an actual paycheck. They'd also love to see the government shrivel up into a little ball and blow away.

What they've forgotten is that we use those paychecks to buy things. That's where real economic activity comes from, not the shuffling of financial paper that has become the largest segment of our economy. They're the tail, we're the dog. They're the tip of the pyramid, and when they whittle down the base, they whittle away their own support. These geniuses, these "masters of the universe," have guaranteed their own destruction.