Lower taxes on the ultra-wealthy, leading to a greater budget deficit, that then leads to the ultra-wealthy to buying government treasuries wherere the wealthy are guaranteed a percentage profit on the money they no longer pay in taxes.
You can’t make this stuff up, it’s stranger than fiction how dumb middle-class Republicans support the very people that are stealing from them. First, Trump gives the ultra-wealthy a huge tax break, while at the same time increasing government spending. So the ultra-wealthy don’t pay their fair-share – many pay no taxes. Then to cover the budget deficit, the Trump government has to sell more treasuries. Using the money they no longer pay in taxes, the ultra-wealthy buy the treasuries, receiving a guaranteed income, while the middle class pays for it. It’s a double-dip for the ultra-wealthy, and the middle class is serving up the double-dip to the ultra-wealthy. This is part of the “grifter economy” developed by neoliberals, mostly Republicans, but some Democrats too.
When will the Republican middle-class wake-up? Not soon I’m afraid because they’re conservatives. What does conservative mean? It’s when some one holds onto their beliefs and doesn’t listen and learn fron new information and ideas. True liberals on the other hand listen to new information and new ideas and are ready to change things. That’s why professors are liberal. They have to be. Being a professor is about discovering and creating new things and then teaching others about that new thing. A teacher can be a conservative if they just teach the same old ideas. But a professor must be liberal – it’s a job requirement to learn and teach, to be a scholar. As Prof. Dr. Carol Dweck, Ph.D., of Stanford University has said, “Becoming is Better Than Being.” Teachers, and I know a few of them, can just say the same old things for the rest of their lives. Not professors. And professors, such as Prof. Dr. Richard Wolff, Ph.D, understand the grifter economy, and the “double dip” brought about by Trump.
So, what do we have in the conservative Trump administration – the same old tired ideas that have never worked. They’re a group of teachers, but not professors. They teach about pure capitalism, interventional militarism, and trickle-down theory, things that have never worked in the history of mankind. In capitalism people simple chase money and the USA has become a money-chasing society loaded with financiers, but those that actually produce things are on the wane. We are no longer the great power and the great producer with a burgenoing middle-class like we were between the 1940s and the early 1980s during a time when the ultra-wealthy paid their fair share and government built many things (houses, educational institutes, R-D, infrastructure, etc). Financiers move money around – they don’t produce anything. This is more and more of what the USA has become. Money acrues at the top and the producers are more and more overseas where the societies aren’t controlled by financiers. Billionaires and centimillionaires, unlike anywhere else on the planet, control the USA.
Stem Cells, Health, Technology 