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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.
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These things take time - it's only been 45 years of trickle-d... *supply-side* economics. /s
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(250 char limit and Wilde wrote long sentences): "In war, the strong make slaves of the weak, and in peace, the rich make slaves of the poor. We must work to live, and they give us such mean wages that we die. … ->
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-> "We toil for them all day long, and they heap up gold in their coffers, and our children fade away before their time, and the faces of those we love become hard and evil. ->
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-> "We treat out the grapes, and another drinks the wine. We sow the corn, and our own board is empty. We have chains, though no eye beholds them; and we are slaves, though men call us free." —Oscar Wilde "The Young King"
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Stock buybacks should be illegal.
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I wish someone could and would calculate the transfer of wealth enabled by the convicted felon’s policies.
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George W Bush called these corporations Job Creators.
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billionaires are as bad for our planet and all that live here as is the #ClimateCrisis. #TaxBillionairesOutOfExistence
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How much of it trickled into trump's pockets?? One has to wonder since we know he approves of bribery.
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