And I can hear conservative brains exploding.
As nice as something like sounds from a philanthropic standpoint - this is the type of language that causes people to march to the polls and vote republican. It amazes me how much resentment comes from people who you would expect to be empathetic with those that are not doing quite as well as they are.......but this is what I hear time and time again: "I worked hard to get what I have and where I am....why should they just "get" stuff for free". And, of course, they profess to be good church going Christians. I just can't listen to it anymore without wanting to puke.
Why can't we bump that corporate rate back up just a few percentage points to claw back some of the revenue that is now being lost - and do true "tax reform"....the last one didn't really help the segment of the population that needs it the most. It will be interesting to hear the comments as people start to file their 2018 taxes next spring....it might start to sink in that a lot of them didn't get any real breaks.
It should be no surprise to anyone that Trickle Down Economics produce Boom and Bust economies. Not only does basic macro economic theory prove it but we have also witnessed it recently. It happened under Reagan, Bush 1 and Bush 2. Another fact is that each of these scam artists ran up the deficit to the benefit of their wealthy political donors. Democracies only work if the voters are fairly logical, politically savvy and somewhat educated. WE ARE DOOMED!
Guaranteed personal income (GPI). Almost positive something like this almost passed under Nixon. 'Booming economy into the stratosphere' my ass. Your previous post showing that the inflation adjusted median wage for lower and middle class folks has actually gone down under tRump proves the lie about these latest tax cuts. Of course I can hear the complaints that there hasn't been enough time since the tax cuts but I have heard that over and over. Also there is no evidence tax cuts guarantee economic growth. This is a consumer based economy so it only truly works when more money is put into the hands of the consumer NOT in the hands of the already wealthy. GPI, stronger and more prevalent unionization are two ways of doing this. This 'reverse socialism', or redistributing the wealth to the already wealthy, is obscene.