Route66 wrote:Of course it does. Look at the tech sector. After the tax cuts, Apple announced it will repatriate that overseas money in the form of 20,000 new jobs and pay taxes on it.
You're kidding, right?
Apple gets a tax break worth dozens of Billions of dollars, and they promise 20,000 jobs, which they were probably create anyway?
The lost income to the government and the associated massive increase in debt, which is going to have to be borne by all americans, but which will impact the poorer classes more, is worth 20,000 jobs which will end up being given to highly educated people who would have had no trouble finding a job in the first place, or even immigrants if they don't find enough qualified people locally?
In the meantime, they'll go ahead with massive share buy-backs and massive dividend payouts to shareholders, none of which will help bridge the wealth gap and social divide which led to people electing such an idiot out of despair in the first place.
This is just another gift from to rich to themselves, with absolutely no consequence to those who are being left behind by the current economic system.
Of course, in the meantime, Donald McScrooge and friends are doing precious little to fight the real looming disasters which will affect the working classes in the next couple of decades, namely automation and the digitalisation of commerce and services.
Do you know, for instance, the effect that the upcoming automation of vehicles will have on jobs in the transportation industry?
Those self-driving cars and trucks that Apple itself, among others, are developing will be the cause of the loss of millions of jobs in the near to medium future.
Not that I advocate bridling technological progress, on the contrary, but I'd like to see a government which would proactively work towards mitigating the nefarious effects of it towards the working class by, for instance, funding training programs for people with low education and no specialized skills...
It's funny how all those who decry immigrants as the root of all their problems and consequently vote for racist morons who only seek to enrich themselves at the expense of everyone else conveniently forget that automation is the single biggest cause of job loss in the US. And it's mostly affecting one social category.
The very fact that the US boasts a record low unemployment rate yet still suffers from such a massive class divide and a proliferation of the working-poor class is a glaring symptom that something is very wrong with the system. Donny T and his clique are doing everything they can to aggravate that problem.
And that's just one example.
But falling for feel-good slogans and satisfying one's ignorance-induced anger through simplistic and myopic analysis of a complex environment is much easier than looking at the facts, figures and applying logic and pragmatism to resolve an issue, right?
Basal emotions before thoughtful and composed debate seems to be a trademark of the Trump-loving hordes.
Ignorance will always be the greatest enemy of democracy and freedom.
That's also part of the equation. And short-term gain will, in the end, hurt the economy. E.g. no investment in education will boost the economy because of lower taxes, but in the end, there are no schooled workers anymore. Yes, that is extreme, but it shows what I mean.
