Quote:
Originally Posted by Rajoo
So in the end, Supply side economics is giving tax cuts to the rich and hope it trickles down to the poor.
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No, it's not. But I won't try to demonstrate otherwise. Sometimes folks just want to believe what they want to believe. I'll leave you with this, from a source with zero agenda other than to provide information:
https://www.encyclopedia.com/finance...ly-side-theory
In addition to tax cuts, supply side theory usually recommends that the government should decrease its regulation of business and provide other incentives for increases in production, such as tax breaks (amounts of money that can be deducted from the taxes owed to the government) for companies that invest in new equipment. Supply siders also often insist on the importance of free trade (the reduction or elimination of restrictions on goods imported from foreign countries) and the free movement of capital (the unhindered ability of money and other resources to move across borders), believing that restrictions on trade or capital movement negatively affect production.