The economics here happens to be right, from a pro-growth perspective; as a 2012 IMF paper by Santiago Acosta-Ormaechea and Jiae Yoo demonstrated, income taxes are generally correlated with slower economic growth than are both property taxes and sales taxes. Personally, I would love to see a wholesale repeal of the 16th Amendment and the elimination of the IRS as a federal agency, coupled with the implementation of the FairTax.Last Saturday, the libertarian co-host of a weekly gasbag radio show admitted on air that Kansas was a FAIL but there was no follow-up discussion or remarks from callers, so it's as if his remarks never occurred.
Monday, October 06, 2014
Gov. Brownback cut taxes on the wealthy and as usual, tax revenues plummeted, causing large cuts in programs that help the Middle & Lower classes. Paul Krugman has written and spoken about the idiocy of supply-side economics for years but the conservative true believers still think like Josh Hammer at Red State:
Posted by Steve J. at 2:48 AM