Cross-posted over at Nobrainer’s place.
I know that Nobrainer enjoys a good economic discussion just about as much as anyone, so I thought I’d add my own humble contribution.
TaxProf has a very interesting graph noting that, in the wake of the Bush tax cuts, government tax receipts have *gasp* gone up, not down, as the doom-n-gloomers on the Left have tried to predict they would.
Time and again, it’s shown that the government makes a very poor steward of other peoples’ money because, when it comes down to it, it’s other peoples’ money. Gov’t regulation and taxation, writ large, are huge impediments to the further growth of our economy. When the US Gov’t stands aside and lets people (and businesses) keep more of their own money, shock of all shocks, productivity goes up and thus there’s more money to tax and the total tax receipts go up.
It’s a simple concept. Why can’t people seem to get it?