Quote:
Originally Posted by Pete F.
Trump made it worse.
The tax cuts of 2017 further turbocharged economic inequities through an act of fiscal profligacy which ballooned our deficit for the benefit of corporations and the wealthy—justified, yet again, by resuscitating the discredited notion that under-taxing “wealth creators” stimulated the economy while paying for itself.
The bill distributed more than 80 percent of its individual benefits to the top 1 percent of households; the bulk of the $150 billion rebated to corporations in 2018 funded shareholder dividends and stock buy-backs—which amounted to little more than a gift to the 10 percent of Americans who own 84 percent of all stocks. This lopsided largesse was possible only through creating a $1.5 trillion deficit over the next 10 years, generating a brief economic sugar high, which is already dissipating.
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when the stick
market soars, i come inequality gets worse. No one can prevent that. you think it didn’t happen under obama? would
you prefer that we have a depression and nobody has anything?
This obsession with what others have...it’s stupid, meaningless, unhealthy, and unproductive. no one would be better off if the fabulously wealthy didn’t exist. No one.
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