HELP ME FIND the best statistics and websites to REFUTE supply-side economics

[nikto]

A guy I talked to yesterday is a big fan of supply-side economics.

He is especially CERTAIN that cutting taxes INCREASES revenues.
And that boosting taxes on the rich hurts investment & the economy as a whole.

Well, does it?

If supply-side economics HAS been disproved, where are the best sources of info to show it?

And didn't David Stockman himself (Reagan's budget director) even come out & say it was bunk?

Help me show this guy that SSE is BS.

Uh...it IS, isn't it?

[elleng]

1. Try this: How Supply-Side Economics Trickled Down

http://www.nytimes.com/2007/04/06/opinion/06bartlett.html

Good luck!

[upi402]

2. Greenspan himself admits he was wrong about the Free Market, here;

http://www.pbs.org/wgbh/pages/frontline/warning/view/?utm_campaign=viewpage&utm_medium=grid&utm_source=grid
Brooksley Born tried to warn the Clinton Republicans and was silenced. Greenspan, late in the doc, admits he was wrong to worship at the altar of Ayn Rand and the Free Market 'cure-all'.

Good luck debating them. I did it for years. No matter how much support I gave debunking their unsupported opinions, they refused to admit it. They would always resort to name-calling and sloganeering when I disproved them. I didn't keep my old references but there are new and improved charts and graphs I'm sure. Try the 'economy' forum too.

Fight the good fight!:patriot:

[jtuck004]

3. This may help

http://www.angrybearblog.com/2010/02/real-gdp-per-capita-and-tax-cuts-top.html

Just out of curiosity - was George W. Bush known for tax hikes, or tax cuts?

And where are we now?

[sakabatou]

4. Would supply-side Jesus help?

http://www.buzzflash.com/contributors/03/09/17_franken.html

[jtuck004]

8. That's pretty enlightening...... n/t

[jmowreader]

14. Supply-side Jesus is a demand-sider

The people Supply-side Jesus deals with were able to hire more staff BECAUSE Supply-side Jesus spent money there. A Supply-side Jesus who was a supply-sider would have lobbied Nero to give his vendors tax cuts in hopes they'd increase staffing.

In reality, Supply-side Jesus is a demand-sider who preaches the gospel of personal accountability.

[Drunken Irishman]

5. Ask him if he remembers the US economy from 2001-2008.

[FreakinDJ]

6. "Lower Working Class Wages" is SupplySide Economics

Lets not pretend Friedman was any thing other then an abused child who "Cooked" his theory to punish his abusers

[Lasher]

7. The Assistant Secretary of the Treasury in the Reagan administration said GWB tax cuts sucked.

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He still argues in support of supply-side theory, but says the GWB administration used it as an excuse to reward their rich benefactors:

What is Supply-Side Economics?
Bush Hides Behind Supply-Side to Reward His Cronies
by Paul Craig Roberts

The George W. Bush regime was faced with no stagflation and no worsening trade-offs between employment and inflation. The Bush administration did not use changes in the marginal rate of taxation to correct a mistaken policy mix or an oversight in economic policy.

Income distribution is a legitimate issue. This is especially the case when offshore production and jobs outsourcing are destroying the American middle class.

I am not a partisan of dubya's tax cuts. Just as dubya hides behind "freedom and democracy" to wage wars of naked aggression, he hides behind supply-side economics in order to reward his cronies. There seems to be no American value or legitimate principle that the Bush regime is incapable of despoiling.

http://www.counterpunch.org/roberts02252006.html

More on the subject:
Trickle-Down Economics: Four Reasons Why It Just Doesn't Work
Do Tax Cuts for the Wealthy Stimulate Employment?
Tax Cuts: Myths and Realities
Effect of Reagan, Kennedy, and Bush Tax Cuts on Revenues

[hfojvt]

9. I think this one is the best

http://journals.democraticunderground.com/hfojvt/53

but it's possible that I am biased in that regard :blush:

I don't cite any sources, because it's all pretty standard data and I do my own calculations thereof. Budgetary data can be found here http://www.census.gov/compendia/statab/

However, I think I cover many of the b.s. tricks they use to make their false arguments. (The main one being cutting income taxes, increasing FICA taxes and then saying 'look, we cut taxes and revenue went up.')

[hfojvt]

10. here are some more stats on tax revenues

http://journals.democraticunderground.com/hfojvt/98

[Pisces]

11. Nikto, ever heard of google, or yahoo? Maybe put some time into it and you will find plenty

of info. Or maybe you are just trolling.

[nikto]

12. No---I am just looking for a few "giants" to stand on the shoulders of

Call me lazy, but this is a quick way of finding essential info.

I'll supplement with my own research if there's anything left out.

Plus, I just love a little instant gratification.;-)

[Mike 03]

13. Well, this is a complex question.

The first place I would go is the Congressional Budget Office and read the report on the deficit.

It is UNLIKELY that cutting taxes increases revenues.

But it is probably correct that raising taxes on the rich harms investment. In fact, it is virtually a truism that it must. Who would want to throw money into investments who knows he/she is going to be heavily taxed?

So this is not a very easy, simple issue, although a lot of people want to make it seem like it is.