tax increased and decreases are always going to happen in a dynamic system. The idea that tax decrease can't stimulate the economy to raise more tax revenue is baloney. That is a fact. The tax vs revenue graph is a curve not a straight line.
as I stated before. The tax vs revenue graph is a curve not a straight line. You can only tax so much before you start eating your revenue creating base. If you are eating your base... backing off on the tax would raise tax revenues.
Yes, but there is more nuance than that, which was the entire point of my reply. We emerged from the late 1970's and quickly began an enormous credit bubble which coincided with these tax decreases. btw, I'm not trying to stir a right vs left political debate on this issue.
Yes, I of course agree with that theory. Not our present circumstances, however. You need to leave CA, you know that, right? The state has been loved to death. The op is wrong, there are situations where supply-side economics is the right approach.