We really needed tax reform. Instead we got HR-1, absurdly labeled as the Tax Cuts and Jobs Act, plus the Senate version of that same bill,. As I promised, they wouldn’t be passed as proposed (that would have been EVEN worse, they have been reconciled. And , TheDonald has signed the final version, so it’s the law of the land. PL 115-97.
Let me reiterate. I am not a proponent of an increase in the minimum wage. Instead, I advocate for all large ($ 2.5 million in gross sales or 50 employees, which ever threshold is exceeded) firms to be penalized (that’s 110% to 125% of the costs) when their employees need to rely on AFDC (Aid For Dependent Children), SNAP (the new name for Food Stamps), Medicaid, etc. to make up for an employer not paying a living wage to its staff.
I have often reminded folks that the ability of America to remain a great nation revolves around the stability it garners from its middle class. The evidence (including that from around the world, as well as history) demonstrates that oligarchies are antithetical to liberal constitutions- and vice versa.
It’s virtually complete. The change in America that Ronald Reagan wanted. To make American’s totally distrust their government. (Cut the bullshit. You know what he said: “Government is not the solution to our problem. Government is the problem.” Oh, and for all the crap about his capabilities- the deficit doubled under his tenure. As opposed to dropping deficits for the two Democratic Presidents since his tenure.)
We spoke yesterday (Brother, can you spare a dime?) about the sad situation that pertains in the US economy. That even though the economy is supposedly limping along, businesses are husbanding cash and not investing in new technology and machines. And, then complain that productivity is not increasing.