Seeking truth through diverse,openminded expression,explaining america to the world
Monday, March 23, 2020
The Rich, Getting Richer
THE RESEARCH has been completed, the verdict is in. The big republican-Trump tax cut of 2017 for the corporate wealthy benefited, predictably, only the corporate wealthy. The money saved by big business by reducing its tax rate from 36% to 21% was used by corporate executives to purchase their own stock, and to pay big bonuses to corporate executives. This assessment is neither a Democratic Party, liberal media, nor Chinese hoax. It is documented, confirmed fact, according to the corporations themselves. Once again, supply side, trickle down Reaganomics has failed ninety nine percent of the people, as it does every time. The money saved by corporations in reduced taxes would, said the Republicans and trump, allow companies to invest more in worker's salaries, product manufacture, and upgrades in machinery and equipment. Everyone would benefit, everyone would prosper. Left out of the equation was an explanation of exactly where the new demand for the new products would come from; not from the workers, their salaries did not increase. The only chance for trickle down economics to work is for money to trickle down to the workers. It isn't happening now, it never has. not when the money goes to stock buy backs and executive bonuses. Since the nineteen seventies worker's wages, it is well known, have been stagnant. Federal minimum wage is roughly have what it should be. Progress in raising the minimum wage has been made only at the state and local level. Our corporate masters, who own the cosmetic government in Washington D.C., care nothing about anyone other than their wealthy elite benefactors. Their errand boys are teh Republican Party, and our traitorous, criminal president. They legislate corporate socialism, government support for the corporate elite, and throw crumbs to everyone else. As our economic system collapses and crashes at teh mercy of a microscopic organism, they prepare to give hundreds of millions of dollars to the wealthiest corporate masters, just as they did in 2007-2008, just as they doubtless will again, just as they always do. And we, their pawns, sit idly by, and reelect them, because we are too ignorant to know better than to accept their hollow promises and lies. We deserve what we get. We deserve nothing better.
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