General Discussion
In reply to the discussion: Do you support concessions to banks to win elections? [View all]Cary
(11,746 posts)I have a degree in economics and also used most of my electives for.graduate level history classes that I loved.
I am first and foremost an adherent of modern mainstream neoclassical synthesis, salt water economics. Think Professor Paul Krugman. Therefore I abhor concentration of wealth. The economy is just a device for maximizing everyone's ability to reach their own potential.
The philosophical underpinning for our nation, that "conservatives hate, is enlightened self interest. That is not Ayn Rand's rational selfishness thought virus. It is maximizing everyone's ability to reach their own potential.
I don't think tax cuts for billionaires maximizes everyone's ability to reach their own potential. Quite the contrary. But if the math and empirical evidence showed that it did maximize everyone's ability to reach their own potential then I would favor it.