01-21-2004, 12:46 AM
Check the numbers. Carter had massive governmental taxes. Highest incremental tax was something like 90%. Reagan lowered all taxes accross the board. Also loosed many governmental regulations on businesses.
At the time, unemployment was something like 15% and inflation was over 7% (my numbers might be a bit high, but I'm pretty sure that the both of them combined was over 20%).
You maximize the control the public has over spending and minimize the control that government has over it, and the economy will improve. It's just basic economics and basic logic. But the money on the lower rung, there are less layers to skim off. Government is fat and bloated and always will be. They control spending & taxes and money is just wasted.
Sure, it may leave some people out in the cold, but I honestly don't care. Not all the turtles make it to the ocean. Tough shit.
At the time, unemployment was something like 15% and inflation was over 7% (my numbers might be a bit high, but I'm pretty sure that the both of them combined was over 20%).
You maximize the control the public has over spending and minimize the control that government has over it, and the economy will improve. It's just basic economics and basic logic. But the money on the lower rung, there are less layers to skim off. Government is fat and bloated and always will be. They control spending & taxes and money is just wasted.
Sure, it may leave some people out in the cold, but I honestly don't care. Not all the turtles make it to the ocean. Tough shit.