We Got Trouble

I am hearing that there is going to be a great tax cut, maybe even the greatest tax cut of all times. Unfortunately, that is the limit of what I hear of any substance. I guess I am expected to reflexively believe that a tax cut of any kind is good and that the current taxes people pay are excessive and unwarranted. Since I get no details, I might as well go ahead and comment on what we know very little about. I hear politicians and political pundits do that daily and as best I can tell, they don’t know much about what they are talking about either. I have some questions. To start, why do we need any tax cut at all? I hear that unemployment is low and getting lower. I hear that corporate profits are high and getting higher. The stock market keeps reaching new all-time highs. The economy is chugging along at a quite respectable pace. Our President tells us that the economy has never done better than during his first year in office. So why do we need a tax cut to stimulate the economy? Let me suppose that we