Tuesday, April 17, 2018

Guess who's cashing in on the big tax cuts?

The title of this CNBC story sums it up:  Tax cut riches have gone to execs and investors over workers by a nearly 3 to 1 margin.

Anybody surprised?  I'm not.  Several people actually said it ahead of time.  The huge tax cuts for large corporations, real estate investors, and the super wealthy 1% types were the reason the put up with President Trump.  He's done his job, now they'll people behind the scenes will let him tweet himself into impeachment, and our economy will collapse under the $1.5 Trillion in student loan debt that has been turned into investments called SLABS.  Those SLABS are weighing down our economy, making our financial house of cards teeter.  We'll see how long it takes before it starts really tumbling.

The 2018 Tax Plan was, as I've said before, an attempt to further rig the business game to help old, Industrial Age corporations that simply aren't smart enough to compete in today's Information Age, connected world.  That tax plan was the probably the biggest entitlement program the world's ever seen, and it was a welfare plan for the super rich.  "Pass the the Cognac and caviar Muffy, I just got our billion dollars worth of food stamps for the month."



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