Thursday, February 02, 2017

How to Be a Zillionaire

Another billionaire in line to join the administration. WSJ reports that Steve Feinberg signed on to help with campaign "because he supports Mr. Trump’s economic policies" and "believes extensive deregulation and corporate tax overhaul will lead to more profitable companies that will, in turn, increase pay and hire more workers in the U.S." 

Sounds nice, but this NEVER happens. All the additional money they get from destroying the environment and not paying taxes gets funneled into bigger dividends for their shareholders and larger bonuses for themselves or they buy back their own stock and sit on the money. (Do you have any idea how much "cash on hand" Apple has?) When are working stiffs finally going to get mad at the right people instead of scapegoating immigrants and foreigners for their economic stagnation? These people are telling you what you want to hear and then laughing at you all the way to the bank.

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