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Vue lecture

US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy

‘Even if AI supercharged the economy, its impact on the government’s finances would be muted’

Back through political history to the age of Ronald Reagan, Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up economic growth and filling the government’s coffers.

The promise never really panned out. From the Gipper’s day on, the Republicans’ tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a fine new layer of artificial intelligence pixie dust. It will fail again.

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© Photograph: Alex Brandon/AP

© Photograph: Alex Brandon/AP

© Photograph: Alex Brandon/AP

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Republicans say they hate communists. So why do they like Donald Trump?

Trump supporters may be surprised to learn the state takeover of means of production is not driven by the left

Americans will never accept the Democratic party’s slide to the left, or so desperate Republicans are hoping.

With the midterm elections fast upon us, Zohran Mamdani’s promise of a few city-run bodegas in New York City will scare the bejeezus out of middle America. Disgust over the democratic socialists’ unicorn-and-puppy promises of a world without capitalism will keep the Republicans in power.

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© Photograph: Mark Makela/Getty Images

© Photograph: Mark Makela/Getty Images

© Photograph: Mark Makela/Getty Images

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