Thursday, December 21, 2017

The tax overhaul isn't a victory and isn't a gift

https://www.ncronline.org/news/opinion/tax-overhaul-isnt-victory-and-isnt-gift
MGB:_When the Republicans talk about growth, what they mean is not Keynesian increases to GDP due to increases in consumption and government investment. They mean the growth of wealth, of assett values, which is really just another form of inflation. Even budget deficits are an asset growth option to invest in federal bonds. Will they succeed much in hurting Social Security and Medicare? I doubt they have the votes in the Senate or the ability to stand against their own voters when those voters realize that Ryan wants to reform their benefits. It will be a short debate. At some point voters can be educated the fact that gay marriage and abortion are settled issues and that focusing on them is a way to keep the agents of the rich in office. Once this corrupt baragain is exposed, expect real change, probably more than just a backlash against the Tax and Job Cuts Act.

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