How well do the New Conservative "Principles" really work?

First, let us pray for miraculous rescues in the Haitian earthquake. This question looks at Haiti over the long haul, not in light of the current tragedy.

Haiti is the poorest nation in the Western Hemisphere, a true banana republic where a tiny handful hold all the wealth and political power. The Gross Domestic Product per capita is $790 per year, or about $2 per day. So, let’s imagine fixing Haiti with true New Con principles.

First, we need to further slash any taxes that the wealthy there do pay, because only they can lift the nation from poverty as their vast wealth trickles down. So the average income of $2 a day that the common man there is getting by on will have to drop to $1 a day, because obviously, that $2 is just a “transfer of wealth” from the ruling oligarchy, who can’t start helping lift the country yet because there is still a little bit of money left in Haiti that they don’t personally have.

Next, whatever government services there are for those indolent scum that get by on $2 a day, that’s got to go. No more free rides taking away the money the oligarchs desperately need. The poor common people have to lift themselves up by their bootstraps and if they don’t have any boots, that’s their own fault for playing dumb.

With this formula, which is the New Republican be-all-and-end-all to good governance, how soon would Haiti become a booming economic powerhouse.