We have been hearing for sometime from the Milton Friedman Free Market crowd that tax cuts for the middle-class and wealthy will lead to economic prosperity, the so called Kudlow Creed. This ruse that is repeated every week day on CNBC is more about shrinking the size of government by cutting revenue, thereby limiting its power. This will, of course lead, to abuses as the power of corporations grow. The current economic downturn we are currently in is a primary example of why deregulation has been counter-productive to our economy.
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