Zombie ideas and tax cuts

By WOLFGANG HÜBNER In Berlin an undead political corpse determines the guidelines of German politics. This is only noticeable in public because the probable successor of this zombie chancellor brings all the prerequisites to cause even more damage to the Germans than his predecessor Olaf Scholz. However, as far as plausibility is concerned, the failed Hamburg social democrat is difficult to beat. Because the herald of the "turn of time" he procl…

Zombie ideas and tax cuts

A version of this column originally appeared in The Alpena News. In 2017, Congress and the Trump administration passed the Tax Cuts and Jobs Act (TCJA), one of the largest overhauls in our tax system since the Tax Reform Act of 1986. It is a law built off an outdated economic theory called supply-side economics (commonly known as trickle-down economics), which states that removing barriers to boost supply will inexorably spread the wealth out to…