Economics: supply-side economics
Self-tutoring about economics: the tutor begins about supply-side economics.
Supply-side economics claims that by lowering taxes, investment will be stimulated which will more than make up for the lost tax revenue.
Although supply-side economics is associated with Ronald Reagan, a philosophical argument might suggest that any government that runs successive deficits believes in supply-side economics. Otherwise, they would raise taxes in order to finance their programs so the budget would be balanced.
The US government has run a deficit since around 2002; the Canadian, since around 2016.
Source:
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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