Mantras and social conservative core values won't produce a single private sector job. Yet somehow the Republicans maintain the mantle of business acumen and get away with highway robbery by playing on their audience's naiveté. And those among us with no business background defer to them. Wrong answer!
So-called conservatives also like to throw out all kinds of economics pablum picked up in some cutely illustrated paperback to justify their ruinous policies. I have said this before and it's always worth repeating: I do not want to pay taxes. But then there is reality. Take the Laffer curve or, as my old antitrust economics professor Dr. John M. Kuhlman has termed it: the "laugher" curve. Sum up the idea: lower taxes will produce more tax revenue. Actually, greater economic activity will produce more tax revenue even with lower taxes. More investment will produce greater economic activity and/or more skilled labor will increase productivity. Any combination of either of those will increase the tempo of economic activity. But lower taxes will not ensure greater investment any more than it will ensure better wages and better wages do not ensure a more skilled work force. Lower taxes might result in higher dividends or bonuses for executives, making it all an economic wash. Nothing is certain. But in microeconomics, the source of the simplistic models and which has nothing much to do with the macroeconomic behavior attributed, just about everything is held certain other than two variables. Then they march some career public servant, some unaccomplished heir, or talk radio host out as the spokesperson for capitalist theory. I'm not laffing.