Tax cuts can stimulate economic growth from "summary" of Free to Choose by Milton Friedman
Tax cuts have the potential to stimulate economic growth by putting more money into the hands of individuals and businesses. When people have more money to spend or invest, they are likely to increase their consumption and investment activities, thereby boosting overall economic activity. This increase in spending and investment can lead to a multiplier effect, where the initial tax cut results in a larger increase in economic output. Additionally, tax cuts can provide individuals and businesses with incentives to work harder, save more, and take more risks. When taxes are reduced, people are able to keep more of their earnings, which can motivate them to work longer hours or take on additional projects. This increased productivity can lead to higher levels of output and economic growth in the lon...
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