And it's based on 4 key principles.
1. A man taxed at 100% will not make any tax revenue.
2. A man taxed at 0% will not make any tax revenue.
3. Time is money.
4. Man likes to take risks
Follpwing these 4 principles is how supply-sided economic is founded on
1 you dont want to tax too high
Or people will just loophole you
2 you dont want to tax too low or else youre not a government
3 time is definitely money
Supply-sided economics is literally a synonym though so it doesn't matter which term you use
Any lobbying any bureaucracy bullshit that fucks up with time
Is money already lost
And 4 man is risky
Because he likes it
Now when supply-sided economics was introduced, Reagan said these four overall.
Companies are taxed at 90% yet still don't pay even half of it.
They use shell company and charity to evade these high taxes.
Second he closed the loopholes made by democrats and republicans
Such as no tax deducing from donating to the church
That the church is on YOUR property
Third he knows time is money
Bureaucracy redtape BAD
Essentially
He offered to remove at least 1/3 of the red tape that federal gov regulated
Who is the He you’re taking about?
Trump?
And said this should be decided on the state level
Some bureaucracy is always necessary though
Reagan
Oh okay
And then 4th you have to offer incentives for a man to take risk
Not offer more punishments
How do you define bureaucracy??
Pre-Reagan government you could be fined or sued for literally anything
Show evidence
And it was at whoever wanted to sue you discretion
Check Playboy 1970s lawsuits
They were getting sued over libel and slander charges constantly
that is one example and they were sued for a lot at the time, show another example
