Friday, December 22, 2017

Creating Prosperity With Tax Reform For the Rich

THE REPUBLICANS AND THEIR CORPORATE employers who enacted our new tax system think they are being very, very ingenious, trying to talk the American people into believing that throwing money at the wealthy is the best way to help the poor, which includes most of the country. And the-their-our corporate masters are ever so very clever themselves, Trump clever, pretending that they are immediately bestowing their newly gained tax reduction largess upon the teeming masses, their employees, with raises, even before the largesse has arrived, with the promise of more jobs soon to be created. One aristocratic sounding corporate spokesperson lady said that even if you are cynical enough to think of this as nothing but a publicity stunt, the money is actually going into the pockets of the employees. Yes, maybe, madam, but...which employees? The Ones already making several million a year? What a wonderful publicity prank! All of the right wing pundits are praising the billionaires for their generosity, and the fortune five hundred are making a splashy, temporary show of it, to go along with the rhetoric about getting government out of the pockets of the wealthy so the wealthy can instantly help the rest of us. In the nineteen eighties more Americans were willing to go along with Reagan's supply side trickle down nonsense, because Reagan was, if nothing else, grandfatherly and believable, but not trump. Now , we the people are on to the gimmick, and all the flashy, phone PR in the world will not change the fact that an overwhelming majority of Americans, the lesser sorts mentioned in Madison's writings, are strongly against the new tax scam for the wealthy, of the wealthy, by the wealthy. Like Larry Summers, current head honcho at Harvard and former economic advisor to presidents and Secretary of the Treasury said: "repeal and replace is a very catchy term, and it applies to the new law tax law perfectly". Scholars, well educated economics, academicians, are almost universally opposed to the trickle down supply side scam, Reagan redux. Yes, it will generate prosperity, for the upper one percent. But not for the seventy five percent, most of whom make minimum wage or close to it. Demand comes before supply. Stimulating supply does not increase demand. A healthy, reasonable increase in minimum wage, such as doubling it, would expand the free market by doubling the number of spending consumers in America, would create the demand needed to cause businesses to expand production and hire more workers. The answer is simple. Demand side, trickle up economics. The real producers in America are the workers at the bottom, not the billionaires at the top. Wealth begins at the bottom, with labor, not with money at the top. Its time to try to help our conservative Christian capitalistic republicans understand that, if its even possible. all we can do is try.

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