Do you think Trump really doesn’t realize the Laffer curve is a scam? Could he really be that ignorant?
Trump praised Laffer’s “brilliant theory,” and said the value of trickle-down economics had been proved “over and over again.”
It hasn’t. Just the opposite.
Over and over again.
When tax cuts for the super wealthy don’t trickle down and don’t increase government revenues, then the tax-cut advocates blame “big” government for the increased deficits and those advocates clamor for greater privatization of government so those advocates can get an even larger slice of the pie.
Trump’s team is looking at payroll-tax cuts. Those are helpful in recessions, but all other things being equal, harmful during non-recessionary, non-recovery times.
Governments use revenues from payroll taxes to fund specific programs such as Social Security, healthcare, unemployment compensation, and workers’ compensation. Sometimes local governments collect a small payroll tax to maintain and improve local infrastructure and programs, including first responders, road maintenance, and parks and recreation. [Payroll Tax]
So, if payroll taxes are cut while we aren’t in a recession or aren’t restored after a recovery period, then the programs funded are harmed. The tax-cut advocates who hate all taxes will then claim that the programs don’t work and need to be privatized. That’s a scam. The privatized services for the masses will be inferior and more expensive. The rich will be even richer relatively to the scammed masses.
The saddest part is that a huge portion of the masses don’t get this information. They’ve been literally brainwashed by the greedy. They won’t look to anyone but the greedy for answers. They continue voting for those who scam them.
Trump is also looking at a reduction in the capital-gains tax. That would be a huge mistake. It would have a negative impact, just the way his corporate-tax cut did.
Bernie Sanders Unveils Sweeping Labor Plan With Sectorwide Bargaining
I understand the union movement, but there are two huge things to always keep in mind. First, unions have been rife with corruption. The rank and file membership has often had no real say. Second, unions were successfully rolled back and rather easily for that matter. Therefore, any measures taken to improve the situation for people must include anti-corruption measures and measured designed to make rolling back real gains all but impossible.
Personally, I favor economic democracy over unionism by far. I’ve viewed unionism as striving short of democracy and a bad thing for that reason (but better than nothing).
Modular affordable apartments pitched for vacant Pilsen corner
Any license mental-health practitioner who claims that it is not inherently insane to intentionally shoot innocent people should have his or her license to practice revoked. As for stigmatization, end it rather than not collecting individual’s mental-health data.
Luntz: ‘I was wrong’ on climate change
Frank Luntz, a veteran Republican pollster, disavowed work Thursday in the early 2000s to cast doubt on the science behind climate change and said America, on the whole, wants the federal government to “do more, right now, to address it.”
“I was wrong in 2001,” Luntz told an ad-hoc Senate Democratic climate panel.
Luntz is the person who got everyone using “climate change” so they’d stop using “global warming.” I never stopped using global warming. It’s still global warming.