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ElwoodBlues · M
The Economics concept is called the Laffer Curve
The fundamental prediction of the Laffer Curve was that cutting tax rates would increase tax revenues. In 40 years of supply side economics, that has NEVER EVER happened. 
Look at the bottom curve. The ONLY time net income tax revenues increased was during the Clinton admin. Because Clinton RAISED taxes in 1993; top rates went from 31% to 39.6%; corporate rates from 34% to 36%.
The other big prediction that goes along with the Laffer Curve is that tax increases will damage the economy. Again, the Clinton admin proves that claim is also false. Clinton alone produced a booming economy, low unemployment, and BALANCED BUDGETS. Clinton succeeded, voodoo economics FAILED.