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"And so it has proved again and again. Reagan’s tax cuts, George W. Bush’s tax cuts, Donald Trump’s tax cuts all failed to deliver." Polls also show drops in po

• ZeroGravitas 4y ago
  Giving money to the people who will pay for her next election campaign. > In the 1970s, Irving Kristol, the editor of Public Interest, was explicit that politics must trump economics. The political advantage tax cuts would provide to the Republicans was so historically imperative they should be blasted through whatever the effect on the budget. ‘The neo-Conservative is willing to leave those problems to be coped with by liberal interregnums Even if they get kicked out as a result, that just gives them some economic chaos to complain about from opposition. They kicked off this latest decade of austerity because Labour paid nurses too much and so caused a global recession.
• tuatoru 4y ago
  Preparing the ground to massively cut the size of the state. "Small enough to drown in a bathtub" has been the goal of her ilk for generations. I thought I had clearly said this. (There is a great blind spot in the thinking. Military defence, public order, the court system for arbitration between billionaires, essential infrastructure like national roads, and more besides: all of these must be state functions. Truss and her co-religionists haven't heard the maxim, "be careful what you wish for, because you might get it.")
  • deburo 4y ago
    I don't follow you at the end of your comment. Shrinking the spending budget doesn't necessarily imply cutting on defense & all other services they deem essential.