2007-07-29 14:53:58 · 4 answers · asked by me 1 in Politics & Government ➔ Other - Politics & Government
Watch the beginning of "Ferris Beulers Day Off" ... Ben Stein gives an explanatino
2007-07-29 15:58:56 · answer #1 · answered by iroteb 5 · 0⤊ 0⤋
Supply-side economics is a school of macroeconomic thought which emphasizes the importance of tax cuts and business incentives in encouraging economic growth, in the belief that businesses and individuals will use their tax savings to create new businesses and expand old businesses, which in turn will increase productivity, employment, and general well-being. ...
en.
* So like say for example a company like Wal-Mart wanted to build a store in a small town, they could ask for tax breaks and such to come to your town instead of some other town, and in turn, Wal-Mart could tell your town that the benifits of recieving all the tax breaks and such would be a benifit to the community though the employment they are going to hire.
2007-07-29 15:08:08 · answer #2 · answered by southwest_mountain_girl 2 · 0⤊ 0⤋
The term was coined most recently during the Reagan era.
It's a slur that says Reagan achieved his economic results through semi-mystical means -- i.e. financial voodoo.
In reality, it means economic models can be controlled by affecting how much people produce, rather than focusing on how much people buy or save.
2007-07-29 14:57:02 · answer #3 · answered by coragryph 7 · 3⤊ 0⤋
claiming tax cuts are good for the economy while ignoring the deficit
2007-07-29 14:57:29 · answer #4 · answered by Anonymous · 2⤊ 0⤋