No, it's proven. Not to work. There's plenty of economic history that is ignored on this point. Really, there's no arguing for austerity if you examine economic history.ChewbaccaD said:What you are suggesting is an unproven theory. The only thing we can be sure of with your solution is that the most wealthy will increase their wealth.
Austerity is more broken economic theory designed to capture the wealth of nations. That's the point.