Ah, supply-side economics. That oft-discredited relic of the Reagan administration. The failed policy that has done more to create income inequality than anything Sam Walton could dream up. You’d think that if anybody still believed in it, the Sam Brownback crash-and-burn would have convinced them otherwise.
But here we are in the Year of Our Lord 2022, and somebody from the “moderate” Phil Scott administration has the gall to trumpet a policy as “supply-side.” Yikes.
“This is a supply-side proposal to build more homes, literally to subsidize contractors, home developers and builders to build more homes at the price point that working Vermonters can afford,” [Housing Commissioner Josh] Hanford said.
That quote, which didn’t age well from the moment it left Hanford’s mouth, is about Gov. Scott’s proposal to spend $5 million on a pilot program to pay contractors to rehabilitate decrepit housing stock.Continue reading