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So if lowering taxes on those oh-so-burdened rich guys leads to higher economic growth, where's the economic growth? I see a recession.
In some thread a week or so ago, someone was touting Hayek and Friedmann over Keynes and Marx. Well, back in the days of Reagan and Thatcher, i'd hear that Keynesian theory couldn't explain/deal with stagflation, and that the Ronnie, Thatcher, and the Chicago boys had solved inflation. Only they didn't. It's back.
And besides the regressive taxes popular with the right and especially net "libertarians", ( = soak the poor) encourage people to cheat, steal, underreport, buy cigarettes in Indiana, and engage in other unproductive activities.
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