I'm wondering what fallacies Austrians have with trickle down and supply side economics.
Thanks in advanced.
I see this more as a question of politics than economics.
The problem I have with trickle down and supply side economic policies is that they are less efficient than the free market in allocating resources resulting in a net loss of potential to society as a whole because they involve stealing from the many to give to the few to give to the many with too many middle men (polytrixters) along the way.
We are the soldiers for righteousnessAnd we are not sent here by the politicians you drink with - L. Dube, rip
Because the idea of trickle down economics, and supply side-ism is, it's a policy to encourage one side of the economy for the only purpose of expanding revenue for the government. When conservatives say, WE CAN GIVE THE GOVERMENT MORE REVENUE BY CUTTING SOME TAXES LAFFER CURVE DAAAAARRR
do we get free cheezeburger in socielism?