Re: WAY OT: Gas-Gouging Greenspan

> The reagan line about tax cuts was supply side economics. I never
> bought it however Marcello is still a true believer. As a libertarian I
> guess yoiu just don't believe in taxes at all, or a federal gov't
> either.
>
> What was that about taking too much money? I don't understand where
> that came from. I am sure the campaign contributors felt overtaxed but
> in terms of a sustainable fiscal policy it makes no sense.

When you cut taxes, then the cut should benefit those who are currently
paying for them. To do so in an effort to favor the poor, you're
redistributing rather than cutting. A lot of the tax relief came in the
form of a refund of a surplus, which would then require that the refund be
distributed in the same proportion that it was taken.


.

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