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The Big Lie that is Behind the Trump/GOP Tax Bill

Absent union pressure, the bosses will never raise wages

Really? Why the mystery? If a significant percentage of the workforce no longer are in unions, where is the impetus to compel greedy capitalists to part with any of their record profits to raise wages? The mystery is why anyone would believe that Yellen and her colleagues are genuinely mystified.

And yet, I challenge anyone to find a serious discussion of this in the corporate media, where nobody is pointing out the reality that at no time in history have capitalists willingly parted with any of their profits to raise worker compensation unless forced to by worker demands, and nobody is pointing out that the claim that “tax cuts pay for themselves” was already tried and exposed as a fraud during the Reagan administration when it was known as “supply-side theory.”

So back to the Big Lie in the 2018 Tax Bill.

There is going to be no gain in wages as a result of passage of this outrage of a tax “reform” bill. And that means it’s really all just a big wet-kiss transfer of wealth to the unneedy but every greedy rich and one which, far from “paying for itself through new economic growth” as the Trump claim goes, will just end up adding another $1.5 trillion to the federal deficit, while further widening the nation’s unprecedented income chasm. At some point even the people Hillary Clinton called Trump's "deplorables" -- his "forgotten Americans" -- will realize they've been conned yet again.



story | by Dr. Radut