Remember how the tax cut was supposed to help the economy by giving the rich more than a trillion dollars to invest in the economy.
this was supposed to prevent or correct for a recession.
Well, what happened? The stock market fell - reducing about 5 trillion dollars of holdings - more than any tax cut would
produce.
So we are worse off than before any talk of a tax cut.
Yeah, we got trickled on–again.
It’s an endearing theory but suffers from a few practical problems, not the least of which is the very wealthy are not constrained to invest their gazillions in the US. Sheltering bucks out of the country is a time-honored practice.
Don’t even get me started on the idiocy that suggests there’s a clear channel from top to bottom through which wealth flows. There are so many dams, diversions and holding tanks damned little actually trickles through.
Make no mistake, I’m a capitalist. Reluctantly maybe, but a capitalist nonetheless, mainly because it has the best track record for speading the means to produce. But it just isn’t as simple as the soundbytes and slogans make it out to be. Reminds me again why I chose this stupid screen name: greed is a powerful motivator, usually unlimited by concepts of “enough”. Not PC but an uncomfortable truth.
Veb