Laffer curve tax revenues significantly and contributed to the massive increase in federal debt during the 1980s.". The Laffer curve and supply-side economics inspired Reaganomics and the Kemp-Roth Tax Cut of 1981. Supply-side advocates of tax cuts claimed that lower tax rates would generate more tax revenue because the United States government's marginal income tax rates prior to the legislation were on the "right-hand" side of the curve. This assertion was derided by George H. W. Bush as "voodoo economics" while running against Reagan for the Presidential nomination in 1980. During the Reagan presidency, the top marginal rate of tax in 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: