No one (that I'm aware of) is arguing in favor of the Government going around handing rich people money. What is being argued is that changing long term incentives by not dis-incentivizing productive behavior through higher tax rates causes people to increase that productive behavior.
Respectfully, my friend, you are either not paying attention, or are really into self-deception. The 2017 tax act was expressly premised
on giving money to rich people to stimulate the economy. It's in the title.
Secondly (as in your second sentence), you say that as if it were not a tautology. Reducing taxes on income
is effectively giving them money. What is really going on with that is paying NOW for a speculative
future benefit. You clearly misapprehend the import of the Laffer curve.
Indeed, we're are just now entering the "Trump" economy, and it is looking bleak. The economy is already slowing, and we may now be looking at a recession in 9-12 months. Fourth-quarter GDP rose only 2.1% and full-year 2019 posts slowest growth in three years at 2.3%
(CNBC). Just after the election.
Yesterday I went with a friend to Fry's electronics (think Costco for computer nerds, if you've never been, it's that big) to buy a new video card and computer monitor. There were literally 4 cars in the parking lot. We thought it might be closed. Inside fully 80%+ of the shelves were empty
. Not low, empty
. No video cards, no monitors. 4 televisions, all floor models. They had signs up around the store proclaiming that they were not
liquidating. It was shocking. We asked what was going on and were told that they were "renegotiating all of their vendor contracts in light of the trade war." The few available components had doubled in price. That's the Trump economy, in a nutshell. It's just about to hit. Hard.
In other words, your words are wrong. In the Republican economy, consumption is penalized and that
is what slows an economy. We're distinctivizing exactly the behavior that stimulates an economy, and rewarding behavior that is a drain on it.