HOW DID A 40 YEAR OLD NAPKIN COST KANSAS ITS ECONOMY?

Jan. 12, 2015  By Jack Jodell (in association with Fair and Unbalanced.com – see my Blogroll in the lower right hand column).  

Happy Monday, all! We’ll start off this week with another superb codcast from our resident podcaster extraoardinaire, Burr Deming of Fair and Unbalanced.com. Today, Burr shows us how a little napkin helped mislead Sam Brownback and led to the destruction of the economy of the state of Kansas. In effect, thanks for NOTHING, Arthur Laffer, Milton Friedman, Ronald Reagan, Reaganomics, and the Tea Party-infested, now-reactionary Republican Party! Let this be a lesson to the rest of the country – this miserable experiment in trickle down economics has been a LIE, and a miserable, 35 year long experiment in absolute failure!

burr demingBurr says, Over dinner, Arthur Laffer showed off his napkin to Republican leaders.

It became the ultimate free lunch. Cutting taxes would generate more income for government to use on behalf of all of us for bridges, police, natural disasters, and soldiers.

Four decades later, Kansas was the perfect state laboratory in a great experiment that would prove once and for all that Supply Side economics works.

Laffer’s napkin had come a long way. Then the economic house tumbled down in Topeka.”

Link to Podcast:
http://fairandunbalanced.podomatic.com/entry/2015-01-09T17_32_04-08_00

Link to Transcript:
http://fairandunbalanced.com/blog1.php/2015/01/08/how-did-a-40-year-old-napkin-cost-kansas

About jackjodell53

I am an American Dissident trapped in a country where poor and middle class people are constantly being exploited and lied to by a very rigid and conservative plutocratic elite. I believe in government OF, FOR, and BY the people, not one controlled as it now is by corporations and special interests.
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One Response to HOW DID A 40 YEAR OLD NAPKIN COST KANSAS ITS ECONOMY?

  1. jerrycritter says:

    If you want to increase tax income, first you better know which side of the hump you are on. In Kansas, I think they forgot to check that first, and it turns out they were on the side where they should have increased taxes, not lowered them.

    But then, maybe increasing tax income was not their objective.

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