Supply-side economics be the case. Paul Samuelson called this notion "the tape worm theory—the idea that the way to get rid of a tape worm is [to] stab your patient in the stomach". There is frequent confusion on the meaning of the term "supply-side economics" between the related ideas of the existence of the Laffer Curve and the belief that decreasing tax rates can increase tax revenues. Many supply-side economists doubt the latter claim while still supporting the general policy of tax cuts. Economist Gregory Mankiw used the term "fad economics" to describe the notion of tax rate cuts increasing revenue in
From each according to his ability, to each according to his needs can be found in the Guilford Covenant in 1639: Some scholars trace the origin of the phrase to the New Testament. In Acts of the Apostles the lifestyle of the community of believers in Jerusalem is described as communal (without individual possession), and uses the phrase ""distribution was made unto every man according as he had need"" (): However, other scholars disagree with this, and claim that the phrase 'from each according to their abilities, to each according to their needs' has a non-religious origin, in 'the Roman legal concept of obligation in solidum' The Roman legal concept of obligation