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The Ominous Absurdity Of Trump's Tax Cuts


#1

The Ominous Absurdity Of Trump's Tax Cuts

Jeffrey D. Sachs

Let's face it: the entire corporate tax cut idea makes no sense.

With the proposed tax cuts, the public debt could easily exceed 100% of GDP.

#2

“Americans across the political spectrum need to join the fight to stop them now.” (Jeffrey Sachs)

Same story that I am reading in Yanis Vaoufakis’ new book “Adults in the Room”, where Yanis says his and Syriza’s only hope is the ‘demos’ - the people, after being ambushed by the moneyed interests just before the election in Greece in early 2015.

Where are they - this ‘demos’ ?


#3

Everybody is sick and tired of high tax rates (personal or corporate) and low tax payments (for companies or individuals with enough time and money on their hands to best avoid paying taxes). I would support lowering both sets of rates (25% for corporate, 35% top marginal rate for income and some dropping of the other rates) if they simplified the hell out of the whole process and the actual total taxes paid went up a little. With the current system there are businesses and individuals who can rightfully claim they are paying an unfair burden of the taxes. And all this time spent on trying to pay less taxes is a total loss - it does nothing useful to improving the economy.


#4

Well, I hope all you Trump dipshits will happily bend over and take it in the ass. The real trouble is, ALL the rest of us have to unwillingly take it with you.


#5

“all this time spent on trying to pay less taxes is a total loss - it does nothing useful to improving the economy.”

Sure it’s a total loss…unless your goal isn’t improving the economy, but strip-mining the economy for the most bucks you can get; and unless you truly don’t give a f. whether the government can pay for basic human services in the wrecked economy you’ve created.


#6

“Same story that I am reading in Yanis Vaoufakis’ new book “Adults in the Room” [about how corporations/rich created an economic crisis in Greece, then derailed resistance]

For those too busy for book, there’s a review of it by Left Business Observer editor Doug Henwood:


#7

Thanks baska for that link, which I just read - accurate enough.

Here is the last line of the linked article - which for me is Varoufakis - he is a socialist I think - in the same manner as is Mikhail Gorbachev - and I believe they would see eye to eye. Both are men of integrity, unlike the ‘players’ in Syriza.

“Aside from supplying a masterful narrative of the Greek debt crisis, Adults in the Room delivers a badly needed case for the revival of a humane internationalism.”

That’s my take, in a nutshell, and I believe it was John Fitzgerald Kennedy’s rapidly developing worldview, which was tragically cut short.