Comment by ajross

> you'd think tax cuts would create more jobs, less unemployment

Again, that idea is rhetoric, not policy. In fact no one ever thought this, it's a zero-sum/microeconomic intuition (to wit: that there is only so much money available) that doesn't hold at the macro level.

Economic growth happens naturally via finance. Growing companies and interests that want more money to build stuff just borrow, that's literally what banks are for. No one needs to go the government for a handout to make that happen.

At the extremes, sure. Tax corporate profits at 100% and you'll just train them to offshore. Drop taxation to zero and the government won't be able to repay bonds and kill its own finance spigot. But in the middle, where real governments live? No meaningful effect.