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 Capitalist ideology enforces total incoherence about economics…

September 26th, 2017 · No Comments

In all the diatribes against socialism the reality is that the question of economics from the capitalist side is one of sheer incoherence and a total inability (or amnesia) about how economies function.

So how do Republicans propose to pay for any of this, and a big tax cut for corporations and the wealthy – without exploding the federal deficit? Easy. Just pretend the tax cuts will cause the economy to grow so fast – 3 percent a year on average – that they’ll pay for themselves, and the benefits will trickle down to everyone else.

Source: Robert Reich: There’s Only One Cure for America’s Economic Ills | Alternet

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