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rbreich ,
@rbreich@masto.ai avatar

Trump’s tax law cut the corporate tax rate from 35% to 21%.

What did corporations do with the money saved?

They didn’t invest it or raise wages.

They spent a record $1 trillion on stock buybacks the year after the law went into effect.

Nothing trickled down to workers.

Apan ,
@Apan@mastodon.social avatar

@rbreich Guess that he put the corporate tax somewhere equal to other countries such as those in the EU.

JosephSmith3130 ,

@rbreich thats why Republicans threaten violence to get the Rapist Fraudster’s recession going - more tax cuts!

rbreich ,
@rbreich@masto.ai avatar

The argument against regulation is always the same: “It stifles growth and jobs.”

But just as tax cuts for corporations have not trickled down, regulatory cuts have not benefited most people.

Big companies enjoy bigger profits. Working people bear the costs.

aadriasola ,
@aadriasola@ruby.social avatar

@rbreich growth like the crypto scammer space, jobs like online trolls payed with crypto

davidhaynz ,
@davidhaynz@mastodon.nz avatar

@rbreich
The economist Warren J Samuels argued the lack of regulation, or deregulation, was in itself a form of regulation.

Because regulation controls the distribution of sacrifice. E.g. if you deregulate air pollution you shift costs from polluters to people who breathe.

I suppose there could be Kafkaesque regulations that don't affect the distribution of sacrifice, or do anything useful. But I would need convincing.

georgetakei ,
@georgetakei@universeodon.com avatar

You're hired!

cqd_sos ,
@cqd_sos@mastodon.online avatar

@georgetakei
The positive attitude is what counts.

chessert ,
@chessert@mastodon.online avatar

@georgetakei
Team player: bring him right in! Pay that man!

georgetakei ,
@georgetakei@universeodon.com avatar

That's not how it works. https://www.comicsands.com/tiktoker-takes-back-womans-drink-2659737282.html?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1681673303?utm_source=mastodon&utm_medium=infeed&utm_campaign=linkprogram

wbpeckham ,
@wbpeckham@techhub.social avatar

@georgetakei Jerk!

GGMcBG ,
@GGMcBG@mstdn.plus avatar

@georgetakei

Aw, that little fella is showing us the twins he's going home with.
And he'll disappoint them, too.

georgetakei ,
@georgetakei@universeodon.com avatar

Kudos to this parent. https://percolately.com/son-date-classmate-harmless-prank/?utm_medium=Social&utm_source=Facebook#Echobox=1719350579?utm_source=mastodon&utm_medium=infeed&utm_campaign=linkprogram

nemeciii ,
@nemeciii@mastodon.social avatar

@georgetakei grounding was the least thing to do.

What I would have done would be that he'd have to come clean about the prank to the girl and apologize. Then as an apology offer money for a fine dining dinner at a central location on his expense from his monthly allowance. He wouldn't be at the dinner.

What a dimwit son, I would have made him do all the chores in addition. 😡

tony ,
@tony@hoyle.me.uk avatar

@georgetakei Boys will be boys? Retch. In the 21st century that phrase should have been banished for good.

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