It was an absurd theory that by cutting taxes you would increase government revenues, because the growth of the economy would create an overflow of taxes that would fall into the government coffers.
Sidney BlumenthalAbout author
- Author's profession: Journalist
- Nationality: american
- Born: November 6, 1948
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Age puzzles me. I thought it was a quiet time. My seventies were interesting, and fairly serene, but my eighties are passionate. I grow more intense as I age. To my own surprise I burst out with hot conviction. Only a few years ago I enjoyed my tranquility; now I am so disturbed by the outer world and by human quality in general that I want to put things right, as though I still owed a debt to life. I must calm down. I am far too frail to indulge in moral fervor.
Florida Scott-Maxwell