Butterfingers Wrote:Supply side is a managed economy, the government funnels the wealth at t the rich by cutting their taxes, even if it means carrying a huge debt. Why all we have to do is borrow from China, so the rich make money on the backs of slave labor in China and sell the goods to the working poor in America and China who gets a good cut from what is sold off of the shelves at Walmart loan our government money to subsidized the workers at Wal mart with heath care and food stamps.
The definition of inflation is too many dollars chasing too few goods, well, now many people have very little for discretionary spending while our shoes are flooded with inferior and dangerous goods from a communist nation,
I for one liked it better when the worker in America made what was sold in America and could earn a decent living doing so.
You're wrong in the first paragraph. Supply side economics and a managed economy are not the same thing. They are opposite from each other.
Supply side economics supports lower regulations and lower overall taxes in order to encourage businesses to produce more for markets and more jobs. It encourages investment and entrepreneurialism both of which create jobs and strengthen the economy.
Managed (or planned) economies depend on some degree of socialism and impose government regulation on all aspects of the economy from investment to production to prices and even wages.
In some parts of the US that are oriented towards supply side economics it costs as little as $40 to get city, county and state business licenses combined. In other words, less government involvement in the economy.
in others it may cost as much as $1,100. In some states new businesses are required to buy individual city, county (for each city or county they do business in) and state licenses and some have non refundable "application fees" up to $400. Some have even higher rates for out of state companies. Also they impose other regulations which require additional permits and licenses. Some even require building, fire and plumbing inspections before any licenses are applied for at non refundable "fees" up to $700
each. It even has reached a point that some cities have begun imposing municipal income taxes on everyone working within their jurisdictions.
Which of these best promotes ground up growth of their economies? The regulations and fees of managed economies ALWAYS favor the larger established businesses with the capital to afford them while culling out smaller businesses that would compete with them.
Businesses in the US did not leave for nations like China because of supply side economics. They left because government managed economic policies and regulations as well as
the highest corporate taxes in the history of the earth made it less profitable to remain here than move their operations to other nations.
If you want to bring businesses back to the US from China, etc. it will not be achieved until corporate taxes are drastically reduced and the cost of doing business inside the USA becomes less punitive due to regulations, taxes, fees, and licenses. If you want to blame anyone for the jobs that have left the USA, blame the right people... the ones who're telling you the solution to all economic problems is more of the same government oversight and taxes that caused it to begin with.