Taxing The Poor

“One broad measure of business spending, real nonresidential fixed investment, rose by 6.1% during the first quarter. That’s solid growth signaling a strong economy. However, it was roughly in-line with the past several quarters. It even marked a slight deceleration from the final three months of 2017.
That means companies have not significantly boosted spending on equipment, factories and other investments that create jobs and boost wages.
Some economists aren’t surprised that the early windfall of the tax cuts is going to Wall Street, instead of Main Street. They note that companies have long had access to tons of cash.”
If they had plenty of cash, you shouldn’t really expect having access to more would lead them to invest,” said Alan Auerbach, director of Berkeley’s Robert D. Burch Center for Tax Policy and Public Finance.”
See Tax cut sparks record-setting $178 billion buyback boom
For a “Liar in Chief” who told the poor working stiffs he would give them a tax-cut, it must be pretty neat that Trump and his friends are making out like bandits with huge tax-cuts, dividends through the roof and stock buy-backs pumping up the portfolios. Trump also told people growth would cover the monstrous deficits all this “generosity” would cause the government treasury, debts that have to be paid back by the children of the poor and probably their children’s children too.

Trump also is making big deals for Trumpworld everywhere now that folks want to butter him up to gain benefits denied ordinary folk and their whole countries. Trump has created the greatest kleptocracy ever seen. He’s making Nigeria seem amateurish in the level of greed and corruption. May he and all his friends end up rotting in federal penitentiaries, maybe Gitmo… Instead of pussyfooting around obstruction of justice, Mueller should go straight to RICO and recover the ill-gotten gains for the tax-payers.

About Robert Pogson

I am a retired teacher in Canada. I taught in the subject areas where I have worked for almost forty years: maths, physics, chemistry and computers. I love hunting, fishing, picking berries and mushrooms, too.
This entry was posted in investing, politics and tagged , , , , , . Bookmark the permalink.