I don’t know enough about it to posit a solution. I am just unconvinced that supply side economics is the answer to the socioeconomic problems we face.
We actually agree on that point.
Goosing the supply side is beneficial in certain specific instances. If the economy is faced with a lack of investment capital, for example. That hasn’t been the case in a long time, and I tend to doubt it will ever be the case in the lifetime of anyone currently commenting on politics.
In my view, if the GOP want to make a case for tax cuts, they should be making them on philosophical grounds (who manages your money for you better, you or your government?) and offset them with spending cuts combined with *reasonable* expectations of additional revenues due to growth. It’s relatively safe, for example, based on history, to assume that for every dollar I cut in taxes, I’ll get about 66c back in tax receipts from increased economic activity. So, I only need to cut about 33c from the budget for every dollar I cut.
But………nobody ever cuts anything…… :-(