Budget follies

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

 Budget follies
by Ellen Frank
09 January 2002 15:40 UTC

Thanks, Ellen,

Would I be right in thinking that part of the supply-sider rationale would be that the rich will invest the taxcuts;  that is the bone supply-siders throw to the unemployed, the indirect help in making more jobs for them to have ; that mean spirited Americanism ?

Charles






>CB: Do supply-siders express an aim to lessen recessions' unemployment
>etc by their tax cuts for capital, or do they say recession is a
>necessary, good thing ?

Real supply-siders believe either

(1) that unemployment is mostly voluntary and the
unemployed should get off their asses and start a
business or something instead of whining and looking
for a hand-out;   or

(2) that the unemployed are unemployed because
well-meaning entreprenuers can't create jobs for
them thanks to bureaucratic red-tape, high taxes that
punish success, and  government regulations that force
businessmen to pay workers more than they're worth.

or some combination of (1) and (2).  Remember that
back in September, Dick Armey publicly opposed extending
unemployment and health benefits on the grounds that
such hand-outs were "not commensurate with
the American spirit."

        Ellen