Economic policy of the George W. Bush administration finance Social Security and Medicare benefits as well as investments in schools, health, infrastructure, and basic research... [and] generate further inequalities in after-tax income." The Bush administration had claimed, based on the concept of the Laffer Curve, that the tax cuts actually paid for the themselves by generating enough extra revenue from additional economic growth to offset the lower taxation rates. However, income tax revenues in dollar terms did not regain their FY 2000 peak until 2006. Through the end of 2008, total federal tax revenues relative to GDP had yet to regain their 2000 peak. When asked whether the
From each according to his ability, to each according to his needs in solidum is that 'everyone assumes responsibility for anyone who cannot pay his debt, and he is conversely responsible for everyone else'. James Furner then argues: 'If x = a disadvantage, and y = action to redress that disadvantage, the principle of solidarity is: if any member of a group acquires x, each member has a duty to perform y (if they can assist). All we then need to add, to get to the fundamental principle of developed communism, is to assume that non-satisfaction of a need is a disadvantage. The corresponding principle of solidarity in respect of need says: