It Seems So Simple

poorWhy do tax cuts lead, counter-intuitively, to industrial decline, stagnant wages, and finally financial collapse?

This was the question asked in a very interesting article at The Daily Kos by  David Cay Johnston titled Democrats struggle to understand how Bush Tax Cuts wiped out $6.6 trillion in personal income. Johnson wrote the book Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill), which sounds like pop-analysis but read the complete article and judge for yourself if his analysis is accurate.

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