Don't we ever learn?

[kiaa]

History is often a good indicator when it comes to what tax cuts for big companies does in reality. The Republicans have touted the bonuses and hope of future wage increases, when in reality, that isn't quite what happens. The US is on pace to have the largest amount of stock buybacks in history giving the top 10% (who own the majority of stock) with the top 1% owning 40% of all the stock, much, much wealthier:

Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages

"...the purchases can come at the expense of investments in things like hiring, research and development and building new plants — the sort of investments that directly help the overall economy. The buybacks are also most likely to worsen economic inequality because the benefits of stocks purchases flow disproportionately to the richest Americans."

The only thing trickling down from Trumponomics is the tears from all the wealthy people laughing so hard as they just cannot believe people still believe in trickle-down economics.

Comments

[dewline]

A majority of sane humans don't believe in it, though. It's just that our disbelief isn't allowed to matter worth either a damn or a blessing right now.

[asthfghl]

DailyQuoted.

[jazzyjj]

Love it.

[halialkers]

Right Wing dogma's put entire US states on life support like some poor Asian and African colonies and the people living that price daily can't wait enough to get more of it. It's are a real life invalidation of the view that people are rational and operate on rational empirical principles.