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per-unit rate of pay, and with high demand for hours" "PROVIDED the result is an increase in true income." Otherwise, such a change is (a) for other than economic reasons, or (b) counter-productive.

SUPPLY SIDE ECONOMICS AND TAXES

Generosity is not human nature; it is ethical principle. As one's "hackles arise" when considering options, one is wise to "consider that nature," and "not principle."

What is in it for you, me, and everyone else, WHEN APPLIED TO TAXATION PROPERLY, are small nudges of artificial supply for the purpose of creating true employment resulting in true demand resulting in true supply.

Here is an old adage: "Businesses do not pay taxes; businesses collect taxes."

Despite that, it is better we cover the business's tax obligation through the price we pay for its products or services than to require only consumers to pay taxes just because we pay them anyway. Marx mentioned something about that, in a roundabout way. We might consider this as (a) for other than economic reasons.

However, by picking and choosing that for which a small nudge of artificial supply is given, true demand will result and, in turn, will create true supply, which combined, predictably, will result in true increase in overall revenue.

Okay, it is not as simple to understand as A,B,C or 1,2,3; Keynes certainly found that out! He could not make clear "more than sufficient is not better; it is excessive."

Here are other familiar caveats relating to supply-side issues: "One can have too much of a good thing." "Moderation is the key to everything." "Greed is a sin." "DON'T SWING THAT CHILD SO HIGH . . . damn it!"

Learn more about this author, Tom Koecke.
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