The Trump Tax Cut: Even Worse Than You’ve Heard

[Jim in CT]

Originally Posted by detbuch

If Krugman's assertion is that overall wages in the private economy have not gone up, then what is the point of raising public sector wages which depend on income derived from taxing the private sector? And if government workers already have better job security, better guaranteed pension and health insurance than the average private sector worker, as well as, on average, higher pay, then what is the problem with cutting some of that fat from government spending?

And if the reason for corporate tax cuts is to create more jobs, then those cuts are a boon to the "little (unemployed or underemployed) guy." Unemployment numbers are significantly down. That aspect of the tax cuts is working.

And, what TDF said, Obama did it too, so it must be good because Obama is a way better POTUS than Trump.

And, yeah, the government is broke, has been broke . . . and the Krugman/Keynesian deficit spending model will ensure that it will remain broke for a long time . . . or forever.

WDMSO, detbuch asks a tremendous question. If wages are not going up in the private sector, then even if tax rates were unchanged, that means tax revenue collected stays the same, so by what logic should public sector workers than get raises?

You have fun answering that one.