Quote:
Originally Posted by Shaun @ Tru6
Topic on Bloomberg this morning. Who benefits, who loses? How are you planning to benefit? Discuss.
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Before this goes to PARF
We've had 40 years of supply-side economics. It's clear who benefits, and it ain't the worker bees.
It has caused record deficits.
The flight of manufacturing out of the US
Private equity decimating business
All of which have resulted in despair among the working-class, which has lead to drug and economic dependency, poor health, poor eduction results, etc
The consumer is the engine of this economy. Smart financial policy would support the consumer, not the denizens of C-suites enriching themselves, playing monopoly with real money. Workers and consumers need to have some skin in the game, or they won't play - it's easier to stick a needle in your arm than work a low-wage crap job that may disappear at any minute. You can preach about it all you want, but people are people, and if they don't see a way up, they'll take a way out.