The Bush tax cuts were sold as economic stimulus. We ended up with the worst recession in 80 years.
Anyone with a brain knows tax cuts aren't intended for economic stimulus and don't do anything to improve any important indicators of economic well-being for the majority of Americans. Their sole purpose is to help the rich get richer, concentrate more power in their hands, and let them accumulate even more wealth to sit on while inequality and financial insecurity for ordinary Americans worsens. It's a naked power grab, plain and simple.
Wut. That's ridiculous. Tax cuts shouldn't be coupled with expanding the debt, but to say they aren't designed to have a positive economic effect or that they literally don't do anything to improve Americans' economic well-being is insane.Except that it's not. As a Republican, I'd obviously expect you to support tax cuts and to argue that they're beneficial to society. However, I don't see how they remotely benefit anyone who isn't at least middle to upper middle class; in fact, by expanding wealth inequality they contribute to the worsening of our social and economic conditions by further concentrating economic and political power into already disproportionately powerful hands. Sure, you could argue that tax cuts benefit those with low incomes by improving the job market by allowing companies to expand and the wealthy to invest more money, but that's utter horse manure. The wealthy sit on their money more than spend it. The best way to generate economic growth is to ensure that middle and lower-income Americans have more disposable income; they spend their money, the wealthy hoard theirs when they aren't spending it on securing their position in society. So, if you really want to help the American economy, you'd raise the minimum wage, dramatically increase the social safety net, and keep Americans above the poverty line.
