duanallen

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rbreich , to Random
@rbreich@masto.ai avatar

Cost of extending the expiring Trump tax cuts: $4.6 trillion.

Cost of proposed additional corporate tax breaks: $1 trillion

This is why Trump and the GOP are obsessed with cutting Social Security and Medicare.

So they can justify another round of giveaways to corporate donors.

duanallen ,

@rbreich
same as it ever was
stealing money from the people

rbreich , to Random
@rbreich@masto.ai avatar

In the years after Trump's tax cuts, S&P 500 corporations spent $2.72 trillion on stock buybacks to enrich wealthy shareholders. That's more than what they spent on investments in plants and technology to boost production and create jobs. So much for trickling down, huh?

duanallen ,

@rbreich

Trickle down never made sense to me. Rich owners are not good at sharing with the underlings.

rbreich , to Random
@rbreich@masto.ai avatar

The Supreme Court just overturned a federal ban on bump stocks, the device that let the Las Vegas shooter injure more than 500 people and kill 60 within minutes.

80% of Americans supported the ban — even Trump!

SCOTUS has once again defied the will of the people.

duanallen ,

@rbreich and I am sick of this SCOTUS. Fools pretending they are otherwise.

rbreich , to Random
@rbreich@masto.ai avatar

Billionaires aren’t just supporting Trump for the tax cuts.

As Peter Thiel once admitted: “I no longer believe that freedom and democracy are compatible.”

Make no mistake: The goal of American oligarchy is to tear down democracy itself.

duanallen ,

@rbreich
regulation mitigates this crap. theil is a loosed but not invincible bezos and musky too for that matter they should not be allow to own the news spigot

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