RE: TCJA: Apple repatriating cash and pumping it into US economy
January 18, 2018 at 11:47 pm
(This post was last modified: January 18, 2018 at 11:48 pm by henryp.)
It's not about giving breaks to the rich hoping it trickles down. It's trying to convince the rich to set up shop in the US instead of India. To have the rich keep their money in the US instead of some tax haven elsewhere. To keep the rich as American citizens, rather than leaving us for some foreign country.
It's the Bachelor now. The people/corporations with all the money are the hunky guy, and the countries are chicks giving him a handy in the hot tub hoping he'll pick us at the end of the show.
I know it gets framed as trickle down economics, but with the new global economy, I don't think that idea still applies. Reagan wasn't trying to keep companies from building plants in Vietnam instead of Cleveland, he was hoping if he gave rich people a bunch of money, they'd expand their plant in Cleveland. At least that's my impression. The tossing tax breaks at the rich is the same, but the circumstances seem different. It's a competition now.
It's the Bachelor now. The people/corporations with all the money are the hunky guy, and the countries are chicks giving him a handy in the hot tub hoping he'll pick us at the end of the show.
I know it gets framed as trickle down economics, but with the new global economy, I don't think that idea still applies. Reagan wasn't trying to keep companies from building plants in Vietnam instead of Cleveland, he was hoping if he gave rich people a bunch of money, they'd expand their plant in Cleveland. At least that's my impression. The tossing tax breaks at the rich is the same, but the circumstances seem different. It's a competition now.
