text: Supply side economics does not work. If personal income tax rates are too low, CEOs and investors demand wage concessions or send jobs overseas (and inflation goes down). It is time to stop that now. Make the VAT high enough for robust public expenditure and generous family benefits while taking away the incentive to cut wages (keep raising the income tax rate at the top until employment and basic wages (net of tax benefits)) go up and the economy will be like the mid-century miracle. Of cousre, Trump is about rewarding capitalists, so this will never happen on his watch.