Quote:
Originally Posted by justplugit
Cutting their taxes would put more money into the economy creating jobs and increased revenue. Use the increased revenue to pay down the debt.
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That's certainly the conventional wisdom isn't it?
If it were true you'd think we'd see it more consistently. In the real world though there are a lot more factors that influence the economic cycles than just capital.
Wealth continues to concentrate and companies are sitting on trillions in cash. Put simply, if access to wealth was sure to drive revenue you'd think the economy should be cranking right now.
-spence