Right wing economics today occupies an uncomfortable place in our national life. Uncomfortable for us, the normal majority, who realize it's emphasis on austerity, punishment, and prayer for a gilded age is not good for the 99%; and uncomfortable for right-wingers, who are beside themselves with America's so called 'thieving' taxation rates and their own deep-down, internal knowledge that the chances of implementation of their favored policies are hampered by the political unpopularity of their most-strident electoral messengers.
What is/are right-wing economics (RWE)? Sounds like a question with a lengthy answer, but it's really not. RWE are essentially 'supply-side economics' which can basically be summarized as a belief
that producers and their willingness to create goods and services set the pace of economic growth.That willingness is, according to RWE, inverseley proportional to tax rates i.e. the lower the tax rate the more 'willing' or 'incentivized' the supplier/job creator is to 'set the pace of economic' activity.
But, surely, the tax base needed by the state (or states, to give a nod to political institutions the RW says they admire) operates on an opposing principle, which is to say that its tax revenue is directly proportional to tax rates.
How can we rectify this tension, this clash of goals?
