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Trumponomics is an abject failure because its premises are flawed. Cutting taxes on big corporations and the wealthy doesn’t stimulate investment. It only creates a bigger national debt that has to be paid off somehow, sometime.
And who’s going to have to pay it off, either in higher taxes or fewer government services? You guessed it. Average Americans, who are already being shafted by Trump’s policies.
When has cutting taxes for the mega rich and corporations ever worked for the economy???....... Never.
But the right-wing kept doing it and doing it again like someone with mental Tourette.
.
Republican "trickle down" economics has never worked because it's demand that drives economies, not supply. General Motors can be sitting on a boatload of cash, but if folks aren't buying cars, then that's that.
The great majority of the recent tax cut went into the stock market -- stock buybacks, dividends, and so forth. Even it seems on the iffy side. Worst December since 1931. Seems to be a little better this month, but not astoundingly so.
Federal deficit has doubled. On track for a trillion dollars this year and next year as well.
Republican "trickle down" economics has never worked because it's demand that drives economies, not supply. General Motors can be sitting on a boatload of cash, but if folks aren't buying cars, then that's that.
The great majority of the recent tax cut went into the stock market -- stock buybacks, dividends, and so forth. Even it seems on the iffy side. Worst December since 1931. Seems to be a little better this month, but not astoundingly so.
Federal deficit has doubled. On track for a trillion dollars this year and next year as well.
Wages are going up because there are more jobs that workers to fill them.
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