If I thought tax cuts for the rich would work, I'd be all for it.

[Hamlette]

If there was one ounce of evidence that tax cuts for the rich resulted in greater revenues for the federal government, I'd say fine. Do it.

If there was a shred of evidence that cutting taxes for the wealthy resulted in wealth trickling down to the less wealthy or the poor, I'm there. Cut their taxes. Hell, eliminate all taxes on the wealthy.

But there is no evidence. Reagan started it, Bush turned it into an art form and it has now become the ONLY thing the GOP can suggest to fix things.

The dems should start saying just that. We have been trying it for nearly 30 years and it has not worked. It is time to try something else.

[Cha]

1. The bushites thought it work..reagun

thought it would work..or maybe they just wanted to give their base some more money so they could contribute more to their respective campaigns?

[Hello_Kitty]

2. Damn straight.

They passed a ginormous tax cut to the wealthy during Dumbya's admin and it resulted in 400,000 some odd private sector jobs being created. Clinton rolled back Raygun's tax cuts and 23 million private sector jobs were created.

[Wetzelbill]

3. It's not about philosophy or theories

It's about what works. And the GOP's way doesn't work. They just refuse to acknowledge it.

[The Velveteen Ocelot]

4. And here's WHY it doesn't work:

First, businesses employ only as many people as they need. If Acme Widget Co. gets a tax cut, they will not hire more employees if they don't need them to make widgets when people aren't buying widgets they can't afford. Instead, the company will pay the extra money to shareholders or CEOs. If individual rich people get tax cuts, that money doesn't usually go into the economy. They don't hire more maids and butlers and gardeners and pool boys. They just invest it (in offshore tax shelters). Very little of that money goes into the economy, and very slowly at that. The only way the economy can recover is to get money to the "little people" like us, so we can buy stuff like widgets, so Acme Widget Co. can hire more widget makers. That's how jobs are created and how the economy recovers.

[Wetzelbill]

5. nice explanation.

You should make that it's own original post, maybe expand on it a touch if you want.

[shireen]

8. agreed

it's not that complicated. it's the idiots who created the financial mess that have created a self-serving convoluted system.

[Mojambo]

10. And the super rich don't even invest it. They speculate with it and create bubbles. n/t

[Two Americas]

12. indeed

It is amazing how many people right here are still arguing for various forms of Reaganomics and trickle down ideas.

[Lucky Luciano]

13. I have not seen that...but then again I mainly read what is on the

front page of DU and not much else.

[Blue_Roses]

14. Bingo! Best explanation I've ever heard...

on this subject. Layman's terms is what we need. The "little people" get saturated with explanations, but rarely do we ever hear one that hits straight to the heart. You did this well! I'm going to copy and paste this next time I have to explain this to my rwing brother-in-law:D

[Andy823]

6. All I can say is

8 years of those tax cuts got us where we are today, I think that says it all!

[4lbs]

7. We had 8 years of tax cuts for the rich. All that did was let the rich send even more money

offshore into secret accounts. This took hundreds of billions out of the American economy each year.

[Lucky Luciano]

9. It is funny how bush the first called the trickle down

concept from cutting taxes on the rich "Voodoo economics." Somebody must have pulled him aside and told him not to muck with their scam and he obviously and agreeably complied!

[Confusious]

11. Well, I could say he sold out

but that would imply he had principles in the first place. He just wanted on the ticket, so he signed up wholeheartedly.

[mvd]

15. In a "trickle-down" system, the non-rich..

will always have a lesser share of the pie. So the system is inherently flawed.