Piss down economics is just that. The rich and corps get their big tax breaks and proceed to piss down on the rest of us.
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Summed up, corporations invest on opportunities and not tax cuts. They already have access to cheap funding and many are sitting on piles of cash, so this tax cut is just a redux of endless deficit driving pay offs to the most wealthy and companies to buy back stocks. Repeat....
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Watching carefully to figure out about bigger bonuses, share buybacks and increasing dividends. Nothing to do with investing in growth or employee wages.
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I was told there'd be trickling down.
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In truth it's more like pissing down ...
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Meaning wages are Not going up!! Watch!!!
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MUKA - Make USA Kansas Again. Trickle down economics has never worked and never will work. It’s what the wealthy tell the middle class so they can become even more wealthy.
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Large corporations are not the best people to ask about corporate tax cuts. The smaller startups who aren't public who actually are trying to grow and expand should be the focus of the tax cuts. They benefit the most & will see the greatest opportunity to grow by tax cuts.
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Guess Messrs Cohn and Mnuchin didn't expect that. Wonder how their feet must taste?
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Me thinks: as large corporations keep expanding, they will soon feel entitled to larger tax cuts.
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1. Tax cut backers say corp rate cut will encourage investment by businesses 2. During interview with Gary Cohn, WSJ asks CEOs to raise hands if they'll boost investment if rates cut 3. Few CEOS raise hands 4. Cohn asks: "Why aren't the other hands up?"pic.twitter.com/aGn8gHPQTh
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