L L wrote:
I just see these corporations taking their big tax cuts and buying their own stock back. That increases the wealth of the remaining shareholders.
They didn't give out raises to the workers any different than the norm.
This is it. There is no such thing as generosity in capitalism. Corporations will take actions to be as competitive to be as lucrative as possible. Giving them a break in hopes they will pay it forward is a conservative myth. Of course the impact is growth-positive for the economy, but not necessarily for the average joe. I’m fact, these measures have only widening the wealth gap. Now compare the minimal impact of the corporate tax cut to the pocket of the little guy to the lost tax revenue which is used to more directly help the public and it’s a no brained the cuts are a payday for the super rich on the back on the masses.
The GOP has mortgaged out the future of generations to come and those funds are being transferred to the wealthiest. It’s not even close which party is more to blame. Rigged, rename your handle to Rigged for the Rich.
The biggest issue for both parties is not spending - it is efficient management of funds. In the US much more is spent on a per capita basis across all categories (education, healthcare, etc.) than every other developed nation, yet we have only climbed down the rankings of quality and performance.