New from @ConversationUS: The rich get huge tax breaks. The result? The poor see their education wrecked. The breaks accomplish little but aiding the wealthy. But the harm to the poor permanently damages their chance of success in the labor market. theconversation.com/students-lose-…
@kurteichenwald @ConversationUS They are still waiting for it to trickle down.
@kurteichenwald @ConversationUS Tax cuts for the wealthy is really just a massive transfer of wealth from poor & middle class workers to the wealthy investor class, who mainly derive their income from stock proceeds. Govt services to the non-wealthy either get cut or tax bills go up to cover the tax shortfall.
@kurteichenwald @ConversationUS And those same companies probably complain about the lack of qualified hiring candidates out of the local school systems
@kurteichenwald @ConversationUS and one of the reasons for extremism, wide spread poverty 😱😭 It may end with a "socialism" like the ones in Cuba or Maduros Venezuela. Or it ends with Putinlandia w very few, rich oligarchs. => Most of the rich now celebrating these tax brakes ll be quite poor, property down