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Voodoo economics still doesn't work

Reaganomics, supply-side economics, or voo doo economics as called by the first President George Bush didn’t work in the 1980s and still doesn’t work.
This refers to the economic policy  known as trickle down economics.
Time magazine in its Sept. 3 issue says, “Conceived in the mid-1970s when upper income tax rates were as high as 50 percent, supply-side  theory holds that high taxes smother industry and growth because people don’t work as hard to earn more when the government will take a large chunk of their additional income. Crucial to this theory is the  idea that ...


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