Wall Street soars while working class suffers

bill718

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
 

Winco

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DOW, 30,000. AWESOME

Good for me, truly.
No affect on the lower 70%.

The Rich get Richer.

Trump is NOT working for Middle to Lower America. FACT
 

theHawk

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
It’s rather laughable when you lefties whine about multi billion dollar corporations making bank while Americans get laid off and their businesses closed thanks to Dem governors shutting them down. So keep telling us how much “capitalism sucks” with Amazon, Nike, Starbucks, Target, Google and virtually every Big Tech on your side.

Your beloved Beijing Biden has spent his whole career voting for the trade deals that fucked this country over and shipped jobs to China, all so corporations could make their profits. And you’re sitting here bitching about their taxes?
 

Mac-7

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
The top 1% pay the majority of the federal income taxes while the bottom 40% pay nothing

so the tax cut went to taxpayers not tax moochers
 

protectionist

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
Couple of things are INCORRECT in this ludicrous OP.

1. "with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket"
FALSE! The tax reduction for the top income bracket went from 39.6% to 37% (2.6% drop).The reduction for the second lowest income group ( $9,525–$38,700/yr) went from 15% to 12% (3% drop - more than the highest bracket, and not a drop in the bucket)

Single filers (2018)[24]
Under previous lawUnder TCJA
RateIncome bracketRateIncome bracket
10%$0–$9,52510%$0–$9,525
15%$9,525–$38,70012%$9,525–$38,700
25%$38,700–$93,70022%$38,700–$82,500
28%$93,700–$195,45024%$82,500–$157,500
33%$195,450–$424,95032%$157,500–$200,000
35%$424,950–$426,70035%$200,000–$500,000

39.6%$426,700 and up
37%$500,000 and up

Tax Cuts and Jobs Act of 2017 - Wikipedia

2. "$1.35 trillion, went to corporations — and by extension only to their top executives and shareholders."
FALSE! It went also to millions of EMPLOYEES of those corporations and their families, It enabled increases in wages, and accordingly the US median wage rose to it's highest level in US history in 2018, and then higher ($65,084/yr) in 2019.

Thanks to Trump, Median Household Income at Highest Level Ever | Americans for Tax Reform (atr.org)
 
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LA RAM FAN

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
Oh screw off with your trolling and bs,only an idiot would put trump in the same class as assclown traiter of middle class family’s globalists Reagan and Bush. Oh and I see you also convienetely omitted that Clinton by signing nafta sent three million manufacturing jobs over to Mexico giving middle class family’s the middle finger, you are a horrible liar.:abgg2q.jpg::fu:
 

protectionist

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DOW, 30,000. AWESOME

Good for me, truly.
No affect on the lower 70%.

The Rich get Richer.

Trump is NOT working for Middle to Lower America. FACT
FALSE idea. See Post # 5.
 

idb

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I'm sure it'll trickle down.
 

justinacolmena

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There are some hardworking people who are poor through no fault of their own, but at the same time there's too much lower lip by the hour on the time clock at some places.
 

gipper

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
The problem with this is you forgot to mention the eight years of pay offs to to ultra wealthy, by the black mascot for Wall Street. Enriching the rich is a bipartisan affair.
 

occupied

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Trump did promise a dramatic improvement in the plight of working class America. There's only a few weeks left in his term, I don't think he's going to pull it off.
 

Mac1958

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The stock market and the real economy have been fully decoupled for quite a while now.

The market knows that the Federal Reserve, its individual components, and Congress are all now willing to step in with trillions of dollars at any time to keep us afloat. It has been this way since the Meltdown, and it has only accelerated. So markets now move more on expectations of that, than on actual corporate earnings.

This is Capitalism 2.0, the Fed as Buyer of Last Resort, and it's a new ball game. The profound imbalances are just beginning, as the bigger investors stand to gain from it the most. The longer we refuse to address this, the more momentum other economic systems will have in the conversation. The people are getting tired of it.
 

Norman

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As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.

This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.

Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.

Yet, Trump supporters still worship him as a GOD
And yet 54% said they were better off - a record.

Trump delivers goods to the Americans. Financial sector is one of Biden's greatest financiers. Trump stimulus went to the people, in 2008 the Obama/Bush/Biden stimulus went to big banks who were responsible for the mess.

You are a fucking moron.
 

Norman

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The stock market and the real economy have been fully decoupled for quite a while now.

The market knows that the Federal Reserve, its individual components, and Congress are all now willing to step in with trillions of dollars at any time to keep us afloat. It has been this way since the Meltdown, and it has only accelerated. So markets now move more on expectations of that, than on actual corporate earnings.

This is Capitalism 2.0, the Fed as Buyer of Last Resort, and it's a new ball game. The profound imbalances are just beginning, as the bigger investors stand to gain from it the most. The longer we refuse to address this, the more momentum other economic systems will have in the conversation. The people are getting tired of it.
If Biden gets sworn in - yes. The finance sector is all in on Biden.
 

Darkwind

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The working class is suffering at the hands of Democrat governors. Full Stop.
 

protectionist

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I'm sure it'll trickle down.
It ALREADY DID.....in 2018 and 2019, as proven by the highest median wages attained in US history.
Also, lowest unemployment rates for blacks, Hispanics, Asians, and people without a high school diploma, IN US HISTORY.

Watch Newsmax, to avoid being ignorant.
 
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protectionist

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The working class is suffering at the hands of Democrat governors. Full Stop.
The AMERICAN working class is also suffering from the actions of federal govt Democrats, in their support of illegal immigration.
 

protectionist

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Trump did promise a dramatic improvement in the plight of working class America. There's only a few weeks left in his term, I don't think he's going to pull it off.
He ALREADY DID. You are an ignorant, information-deprived victim of liberal OMMISION/DISTORTION media. See post # 5 and 18.
 

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