Tuesday, February 6, 2018

Trump's Tax Cuts: Reshaping The Economy For The Worse.

We're beginning to see how this giveaway to the rich will destabilize markets, increase deficits/debt, increase borrowing costs, cause a reduction in services and/or an increase in other taxes or fees.

The money has to come from somewhere. This is a society we are running here, people. Polices, road, bridges, air, water, schools, hospitals, buses, trains, airports ... paying for it is the bedrock of living in a society. 

If our current society has benefited a select few with the means to own yachts, jets, multiple homes and on and on, those select few can afford to return the favor to society by paying more in taxes to help the society continue to thrive and flourish. 

We cannot continue to poison the planet and pretend it's going to work out for the better. Continual deregulation only helps polluters and financial swindlers. We cannot continue to believe the mythology that is supply-side economics. Since, Republicans dropped this turd of an idea on society in the late 70s, early 80s, income inequality has risen, workers' rights have declined and wages have stagnated. Power to the people? More like, power taken from the people.

So sad to see a helpless country strong-armed by the will of such ignorance, led by a blow-dried, burnt, slovenly buffoon. 

For Further Reading.
Are Trump's tax cuts backfiring on Wall Street? “IT’S A PONZI SCHEME”: WALL STREET FEARS TRUMP’S DERANGED TAX PLAN COULD KICK OFF ECONOMIC EUTHANASIA U.S. tax plan could cause sugar high, then economic slump Tax Cuts, Growth and Debt

No comments:

Post a Comment