President Donald Trump’s tax bill exposes Republican policy. One disconnect is the promise of jobs. With unemployment below five percent and wages being stagnant for 30 years, who will fill them?
As the tax cuts are heavily weighted toward corporate welfare, what can be expected? A huge round of mergers to ensure the highest prices, plus maximum mediocrity.
The promise that greater corporate profits will goose the economy to grow faster pushes us more quickly to the next stock market crash, so the wealthy can claw back trillions of dollars of the paper wealth — like 401(k)s and pension funds — from the middle class.
The tax bill promises to add trillions of dollars to the national debt in the next 10 years, utterly abandoning the prospect of balancing the budget or reducing the debt. This unprecedented abuse of the national debt to enrich multinational corporate persons is appalling. The debt exists solely to finance large wars, making America an isolationist paper tiger with a receding empire.
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The lower 90 percent of citizens should humbly accept their roles as the water carriers for the wealthiest 10 percent without squeaking or turning out the Republican traitors.
Allen T. Kelley