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Fuel the Enlightenment

President Reagan and His Tax Policies

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rocketdog Avatar
rocketdog
Posts: 196
Posted: 01.05.07, 12:25 PM
Did...did Jack Kemp really say that South Central L.A.'s biggest problem is...capital gains taxes? WOW. Jack Kemp is FRICKIN' HILARIOUS.
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McGruff Avatar
McGruff
Posts: 23
Posted: 01.05.07, 01:16 PM
I will give Kemp the benefit of the doubt and say that the point he was trying to make is probably more complicated than that. But it is true that supply-side economic arguments are not often grounded wholly in reality, particularly in the hands of politicians arguing in their favor (the same can be said of liberal politicians attempting to argue for Keynesian economics, although Keynes has more historical precedent in his favor). Kemp's misleading and confusing examples show he is no exception to this rule. However I would like to point out that Kemp appears to be "preaching to the choir" in this speech, so perhaps he feels he does not have to explain himself more fully than he already has.
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