Unnecessary Tax Cut -Reply

Richard Swerdlin Swerdlin at COEFS.COE.UNT.EDU
Fri Jan 5 09:52:00 MST 1996

Tony Stapleton:

    I have heard economists over the years disagree concerning the
direct and indirect effects of various actions, including that of tax
cuts.  Unfortunately economics is scarcely an arena characterized by
mathematical precision.

    Human beings should not be lost in the shuffle.  If there are
so-called "benefits" or "gainers", who actually are these people?  I
used to hear Sen. Taft (Ohio) mention the "trickle down" theory of
how enriching the elite near the top of the social pyramid was
supposed to work its way down to enriching those citizens near the
base.  Then and now, this theory is mainly for the gullible.

    In any case, it willl be interesting to see what happens in the
economic future, especially in a presidential elkection year./

Richard Swerdlin
(swerdlin at coefs.coe.unt.edu)

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