Joe Conason on this idea that rich people push…that if their taxes are cut, the economy will flourish and everyone will be better off. In the words of that eminent philosopher, Rocket J. Squirrel, "That trick never works."
It never has. If it did, the Bush Tax Cuts would have brought on the wave of prosperity for all that was their raison d'être. I suspect that the next round of tax cuts for the rich — there will be one — will get us deeper in the hole and the solution to that, they'll say, is more tax cuts for the rich. And when that doesn't work…