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etalors

01/24/18 11:31 AM

#31031 RE: dmorse #31029

Toys r us closing 20% of its stores.
Kimberly Clark laying off 5000 people.
Others are about to join the band .....
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ahimsak

01/24/18 3:37 PM

#31033 RE: dmorse #31029

Basic premise of my book is that increasing inequality is the cause of recessions/depressions. The tax cut does put more money into most peoples pockets (my taxes going up big, as have a large mortgage, huge state taxes, and only have one child)

However, next year massive cuts in medical services and not so much tax cuts for the middle class and poor, in fact in a few years they will be actually paying more taxes, while the super rich tax cuts are permanent.

Last, the bullshit about $1000 bonuses for some employees is great, but they do not make news when the top execs at those companies will be getting 10 times more money in bonuses and stock options than the 100,000 or more employees will get, and that is the lie they tell. This will increase inequality.

Last, poor and middle class spend everything they get from the government, and higher fees for everything like the gop does hurts bad. But super rich do not spend the savings and a small increase in service charges dont hurt them at all.