Posted by Bob Lord
Some political bloggers treat commenters from the opposing viewpoint with disdain. I get why they do so, but I try to refrain from that practice. I like a spirited debate. I think my fellow bloggers do as well. But we don't care much for mindless talking point repetition.
Here's a case in point. I wrote a recent post regarding a Fed Board Governor's recent epiphany on inequality. One of our conservative friends wrote a lengthy dissertation on how lower tax rates were the way to address inequality. In other words, supply side economics would shrink the gap between the few and the many by putting more dollars in the pockets of the few.
Really? How can that possibly be? The whole point of supply side economics is to justify inequality as necessary for the greater good. That's why it also is referred to as "trickle-down" economics. The theory is that if you allow those at the top to increase their wealth and income, some of it will trickle-down to the rest of us. Thus, supply siders argue, we need to allow the "job creator" class to be very wealthy in order to grow the economy.