Laffer

How to Fight Black | Unemployment                            all

“ Some people actually believe government can create jobs by taxing and borrowing from people with jobs and then giving that money to people without jobs. They call this demand stimulus. To make matters worse, other people think these demand-stimulus ideas warrant a serious response. Government taxes cigarettes to stop people from smoking, not to get them to smoke. Government fines speeders so they won't speed, not to encourage them to drive faster. And yet contrary to common sense, it seems perfectly natural to some people that government would tax people who work or companies that are successful only to give that money to people who don't work and to bail out losing companies. The thought never crosses their minds that these policies are the very reason why our economy is in such bad shape. I'm beginning to think that Irving Kristol was correct when he wrote,  "It takes a Ph.D. in economics not to be able to understand the obvious." [Arthur Laffer— How to Fight Black Unemployment ] ” Art Laffer is the undefeated champion of economic policy (supply side) that works, which is why he's wasting his time  trying to reason with Obamunists. How's that for cynical?