Seeking truth through diverse,openminded expression,explaining america to the world
Friday, March 16, 2018
Making the Wealthy Great Again
PRESIDENT TRUMP might wish to consider resigning. No, not because his connections to Russians are soon going to land in in jail, or anything like that. Rather, because his pledge was to make America great again, and, according to republican lawmakers, has done just that, with but the stroke of a pen. Our new tax law, under which corporations get a huge, permanent tax cut, and everybody either gets none or a small temporary one, has, conservatives are beginning to claim, solved all our economic problems and indeed have made America great again. there is, so the inventive narrative goes, a veritable avalanche of wealth trickling down from above, with corporate tax breaks already translating into pay raises and universal prosperity. Whether america's homeless have now all settled into condos, and the impoverished have settled into a comfortable middle class lifestyle has et to be divulged, but, can such news be far behind? From the forgotten professional economists class - you might vaguely remember them, the folks at places like Harvard and M.I.T. who have studied economics all their lives and are therefore, in the minds of conservatives, air headed idiots, we have still herd nothing. They must all still be gathering their data, or some foolishness. Among economists, tax cut for teh wealthy, and all the accoutrements of supply side economics, have long been dismissed as less than effective at lifting people out of poverty by crating jobs, but, so what? they'r just airheads, since they don't embrace the Trump make America great again agenda.
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