But, but, but without higher taxes, how can the Mama Sam spread the wealth around and get enough votes for
The Wall Street Journal
Comments by Jim Campbell
Revisionist historians would have us believe that the tax policy of Art Laffer, implemented by President Ronald Reagan adversely affected the U.S. Economy when the opposite is the case. Who you going to believe, the socialists professors or me?
In the link above Professor Paul Krugman tells us, that “Reaganomics” was a failure. The Reagan economy was a one-hit wonder. Yes, there was a boom in the mid-1980s, as the economy recovered from a severe recession. But while the rich got much richer, there was little sustained economic improvement for most Americans. Yea Mr. “I’ve never lived a day in the private sector,” sing to your choir nobody else can hear your pitch.
That’s my story and I’m sticking to it, I’m J.C. and I approve this message.
For 16 years before Ronald Reagan’s presidency, the…
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