Here we go again--- the Trickle-Down Theory from the Repubs. Too bad the Theory doesn't work. The billions given to the Rich with the proposed Tax Cut will not be spent on generating jobs. Instead, here's where the money will go:
1. Corporations will buy back their own stock, thus falsely inflating the value of it. The Stock Market Bubble continues.
2. The Rich will invest in foreign currencies and bonds.
3. They'll invest in real money...silver & gold...the way JP Morgan Chase Bank has done.
4. They'll invest in other no-job-producing, hard assets... or in Financial Derivatives (the bizarre kind that resulted in the 2008 Crash).
5. They'll sock it away in offshore tax havens.
6. They'll spend it merging, downsizing, and moving businesses South or overseas. The current Tax Bill rewards them for doing that.
Let's wake up to the fact that in this Age of Financialization, Mega Corporations don't need many American workers in order to be successful anymore. Until the next Crash, they can make a bundle via Asset Bubbles...or loaning "money" to consumers. [General Motors is more of a GMAC Bank than a vehicle manufacturer.]
Any cuts in Middle Class taxes are temporary, but those for the Rich are permanent. This is an old story; it's nothing new.
While the Dems at least often do work for a safety net for the People, nevertheless, they (like the Repubs) essentially are supporting a move toward NeoFeudalism...two classes: the very Rich and the relatively poor. The advantage the Dems have is that they TALK a good game. Like the Repubs, they make people think they're on the side of the Middle Class...but they have a better spiel than the Repubs. Keep in mind, they won the popular vote in the last election... not by 100,000...by 3,000,000. [Some Repubs, including our Liar-in-Chief, believe that was due to 3,000,000 "illegals" voting. That's hilarious. Many American citizens were kept from voting, so the likelihood of such a huge number of non-citizens being able to vote is pretty much ZERO. Many of Trump's pronouncements remind me of the old Nazi theory on Propaganda---the bigger the Lie, the more people will believe it.]
Unfortunately, no one in the Upper Crust of DC politics is on the side of the hollowed out Middle. Both Clinton & Obama each were in power for 8 yrs...both became multi-millionaires. Middle Class wages remained basically flat. The Rich got richer. Two major Crashes happened. The National Security & Surveillance State grew. Wars did not not abate. Obama launched a 10-yr program to update our nuclear arsenal. The National Debt ballooned. The Rich got richer...& the Middle Class continued to shrink...just like it did during 8 yrs of Dubya. People like Schumer & Pelosi being touted as "Liberals" is laughable. People such as McConnell & Ryan being touted as "Conservatives" also is laughable. As for Trump, he's nothing but an ego-centric, mentally unbalanced opportunist. They all are Corporatists of the highest order, and in general, none of them are working for us. The fact that any of them even are in political office is a testament to the power of Edward Bernays style Propaganda.
Presently, the Middle Class comprises less than 50% (just barely) of our population; the Corporate Media make it appear as though it's 80% or more. For the last 30 years or so, the greatest transfer of wealth in Human history has continually increased...whether Dems or Repubs were in power in DC. It didn't matter which Party held the reins... and still doesn't.
Too many Main Street Progressives (just like Main Street Right-Wingers) are stuck in the Repub v. Dem political paradigm. As long as that continues, the Oligarchs' march toward NeoFeudalism will be the only thing that progresses. Divide and conquer...they're Masters at it. Most Americans at the level of Main Street appear to no longer even consider a Middle Way...even though 41-42% of registered voters are Independents. Only 25% are Repubs, and only 31% are Dems. It's blatantly obvious that no matter which major Party is in power in DC, the Oligarchs make the Rules.
Voting won't change that...because 99.99% of national political candidates are selected, groomed, financed by, and beholden to the Oligarchy. Not only that, but almost all national elections of late turn out to be rigged in some way or another...or in several different ways. Only peaceful protests/activism, boycotts, and shunning from the outside ever will make a difference. Forget "working within the Political System" to change it. That System is totally controlled and/or corrupt.
Not only my opinion. Be Well