Middle Class Loses, Plutocrats Win With Trump’s Tax Cuts

1. Lets see. The wall is being built, Stocks are at an all time high. Jobs coming back. Unemployment is at an all time low. How's that working for the country?

2. Wanna know why he signed the tax cut, because when Obama was president, he extended Bush's tax cuts for 10 years, which happened to be just the right time for another tax cut for Plutocrats. Trump is a piece of shit, no different than Reagan, Bush, Clinton, Bush Jr or Obama but he's just another opportunist looking out for his fellow Plutocrats and himself. Nothing new here

3. Here's the Buffett comment Black is referring to:
   "Those who regularly preach doom because of government budget deficits (as I regularly did myself for many years) might note that our country’s national debt has increased roughly 400-fold during the last of my 77-year periods. That’s 40,000%! Suppose you had foreseen this increase and panicked at the prospect of runaway deficits and a worthless currency. To 'protect' yourself, you might have eschewed stocks and opted instead to buy 3 1⁄4 ounces of gold with your $114.75.
   And what would that supposed protection have delivered? You would now have an asset worth about $4,200, less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle."
   http://www.berkshirehathaway.com/letters/2018ltr.pdf pg. 14

4. This is social engineering at its best. People are controlled with money

5. The federal reserve is not a US sovereign currency.

6. Sovereign currency ????????????

7. Did you see Trump cover up body language when he lied about taxes ?

8. Politicians as billionaire meat puppets

9. He going to give his base a wall. You know how much they want a wall.

10. Why do they say Nancy Pelosi is so smart? If she was, Trump would not have won and the American People would be in much better standing! F Nancy Pelosi, she works for the 20%!

11. Sheeples spend more & pay off Bill's.
    These ZIOMAFIA SATANISTS dont want either as dept slavery is the objective

12. The question was " Why did Trump fulfill his campaign promise to give the middle class a substantial tax cut and gain an incredible popularity ?" The simple answer is GREED OVERWHELMS LOGIC !! He
    would gain financially He is in no way shape or form a billionaire or he would not be so fucking cheap ,as an example , he had a fund raiser for children's cancer and proceeded to deduct $212,000 for his expenses !!
    That is a drop in the bucket for a billionaire! A TRUE BILLIONAIRE would never have been that cheap
    A true billionaire would never have ripped off contractors !! The man is stupid , greedy , obnoxious, I really feel bad for Barron ,Melania was duped also but she is an adult and will depart shortly no matter what fate awaits that moron. She can come stay at my house I hope she recovers from her breast cancer Breast cancer is becoming epidemic We need more research
    Bless all those good mothers

13. its all an example of status quo

14. This is persuasive but I still wonder: did Larry Summers not understand, or was his restraint of the 'stimulus' first promoted by the Obama administration to 'realistic limits' entirely the product of political calculation?

15. The USA can only "create" endless money so long as they have a world empire – and that empire is falling apart. So, the illusion that one can simply conjure money out of thin air to pay for trillions of extra spending while cutting taxes is just that – an illusion. The extra money pumped into the economy would cause monetary inflation, which is why they prefer to give it to the rich who hoard it or launder it through the stock "market". Those deficits are exported to the rest of the world – at least those parts who continue to use US dollars as a reserve currency. The US dollar was accepted as a reserve currency only on the understanding of a gold standard – otherwise, like the jolly fellow isn't quite saying but implies, the rest of the world is paying for your stable currency. Thanks to the outrageous sanctions frenzy, more and more countries are finally fed up with the "magic money" of the USA and are going back to sound currency. Then all of those trillions will be so much paper (or numbers on a computer) as inflation goes crazy until some kind of true value for the US dollar is discovered in the national market. Most of it will likely be swapped out for gold or foreign sovereign currency as the writing is seen on the world by the rich – who always benefit at our expense. It's a nice idea – spend all you want and pay no taxes, but no government in history has ever succeeded in that for very long, and they have all been empires. The British pound is a recent example.

16. Wow, I want some of what he's smoking! He almost lost me with his "thought" experiment, but after something suddenly occurred in my mind I get it.

17. #CrookedTrump AND #TheAbsolutelyCorruptGOP #TheirCorruptionHurtsUsAll

18. Yes!!! Bill Black is brilliant. He is explaining #MMT…everyone needs to take personal responsibility to learn and FULLY understand #MMT. Warning: #MMT is going to turn what you think you know about government expenditure upside down..and thereby everything in the economy…take the time..take a seat…breathe deeply and learn..

19. I think he actually gets off from someone having to come in and clean up his mess after him. And trying to make as much money in the process.

20. Here's what is happening. Trump is helping fill the life jackets of the wealthy Elites because we all know the Titanic is taking on water.

21. When the Dems win in 2020, Black or Michael Hudson should be appointed as chief economic advisor

22. "Almost everything you've been taught about how a monetary system works and therefore what sounds intuitive is absolutely a myth"…Once again, Bill Black aka "Economic Honey Badger" drops knowledge.

23. hopefully we can get Burnie in office before we are screwed over beyond repair..

24. Who cares about the middle class when you're about to kick off WW3!

25. Trump has the signature of a hatchet murder. lol! It's horrifying!

26. Donald Trump simply took the hard right agenda as his own. Hiring Koch billionaires for his cabinet and a ( Koch)Vice President he followed their agenda. First he beat out Hillary. So why wouldn't the conservative caucus love Trump and why would he have such trouble with his own minor personal agenda like the Wall or peace talks with North Korea.

27. There are more than two classes in politics. Everyone isn't "middle class". Thaty's been the point sinking in politically during the last decade because millions of once middle class people have been proletarianised and immiserated. You don't give tax cuts to the "middle class": you give them to the poor and working class, to get that maximal stimulus effect. Say working class. Say it!

28. Thanks Marc & Bill – you guys are great together. I laugh thru my tears of anguish

29. Idgaf yall voted for him

30. No matter what you Americans do, you are screwed

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