LA RAM FAN
Diamond Member
- Mar 1, 2008
- 50,055
- 17,415
/———/ You’re wrong again, you pathetic Impeachtard.Ronald Reagan’s implementation of supply-side economics in the 1980s began a cascade of money away from public enterprise and into private wealth. That shift has done more than drive a huge increase in income inequality; it’s also impoverished the nation to make a handful of people more wealthy than anyone has been in history. And in just three years in office, Donald Trump has made the situation much, much worse.
Republicans seem anxious that Trump should get off Twitter and “run on the economy.” After all, the stock market is up, though not as much as under Obama, and unemployment is down—again, not as much as in the previous administration.
But it’s Democrats who should be running on the economy. Because the Trump economy is fueled by history’s greatest daylight robbery: a historic shift of funds from the public trust into the hands of an extraordinary wealthy few.
The effects of that shift aren’t going to be paid for by those at the top. They’re going to be a gut-punch for those who are not in the billionaire club. And that punch will land all too soon after Election Day in 2020.
How Big Companies Won New Tax Breaks From the Trump Administration
Instead of a once-in-a-generation shift of wealth from the public to the wealthy, Trump has created a once-in-history gutting of the many to benefit a very, very few.
Companies Repatriated 1 Trillion Dollars, Thanks to Trump Tax Cuts
Before that, in order to bring money home, companies would have had to pay a corporate tax of 35%.
But under the Trump tax cuts, they only pay a one-time 15.5% tax rate on cash, and 8% on non-cash or illiquid assets.
If Trump had real balls, he'd ONLY give tax cuts to productive pro- American companies that serve American interests.
NOT Hollywood, NOT Facebook, NOT Amazon, NOT McDonalds, NOT Walmart, NOT MSNBC, NOT CNN, you get the drift.
indeed.