Republican tax plans don't add up

[stpioc]

And those growth miracles they promise..

Ted Cruz is predicting historic growth for the U.S. economy if he's in the White House. For the past several years, America's economy has grown around 2% a year. Cruz said Friday that he can get the economy expanding at 5% or more a year. That hasn't happened since 1984. The U.S. will have "a minimum of 5% GDP growth," Cruz said on CNBC's Squawk Box. Gross Domestic Product, or GDP, is the measure of all the economy activity in a country. How can Cruz achieve what so many presidents -- Republican and Democrat -- haven't been able to do in the past 30 years? Cruz says it's about going back to Reagan style economics: cut taxes, scale back regulation on business and repeal Obamacare.

Ted Cruz vows 5% economic growth - Apr. 15, 2016

The combination of tax cuts and deregulation, embarked upon since the early 1980s, what did it produce? 

Economic growth has been markedly slower in the neoliberal era (since 1980 in Britain and the US) than it was in the preceding decades; but not for the very rich. Inequality in the distribution of both income and wealth, after 60 years of decline, rose rapidly in this era, due to the smashing of trade unions, tax reductions, rising rents, privatisation and deregulation.

Freedom from trade unions and collective bargaining means the freedom to suppress wages. Freedom from regulation means the freedom to poison rivers, endanger workers, charge iniquitous rates of interest and design exotic financial instruments. Freedom from tax means freedom from the distribution of wealth that lifts people out of poverty.

Neoliberalism the source of many problems

Since 1980, U.S. investment as a percentage of GDP was sliced in half, from nearly 24 percent to 12 percent, leaving the United States 174th in the world. The result was a dearth of real value added products and productivity. Wasn't there supposed to have been a supply-side revolution, produced by lower taxes and rising inequality (more money and incentives for 'job creators')? Apparently not, at least not so far, and there is little to assume this will change any time soon. Rising inequality is the root problem.

There Has Not Been Any Supply-Side Revolution | Seeking Alpha

And abolishing Obamacare, what will that achieve?

• Return of discrimination on the basis of existing conditions
  
• Millions more uninsured
  
• People again not starting their own companies or changing jobs out of fear losing medical coverage
  

Well, you might say, what about the Republican alternative? Hahaha, what alternative