Like sophisticated thieves in the night, Trump and Congressional Republicans last week smashed their way into the US Budget, grabbed and ran off with $ trillions for themselves, Corporate America, and the wealthiest 1% friends. Listen to my Alternative Visions Radio show of Friday, December 22, for how the greatest theft in US economic history was pulled off and what it means. TO LISTEN:
Go to:
http://prn.fm/alternative-visions-trumps-smash-grab-tax-cuts-12-22-17/
Or Go to:
http://alternativevisions.podbean.com
SHOW ANNOUNCEMENT:
Dr. Rasmus explains and critiques the Trump-Republican $4 trillion plus tax cuts passed and signed this week, describing it as thieves ‘smashing’ their way into the US Treasury and ‘grabbing’ as much of government revenue as they can get away with. The tax cuts are put in historical context, as a continuation of the ‘tax shell’ game since Reagan, and as an example of the escalating efforts by politicians, paid for and bought by big business, to subsidize capital incomes at an increasing rate in the 21st century. Various details of the tax cuts are considered, mostly for corporations, businesses, and investors, with token concessions for the very poor, but with the middle and working classes paying the bill for both. How the token concessions to the poor will be taken away by other measures as well. The show focuses, however, on the false claims that tax cuts will create jobs and raise wages. Rasmus explains how this is false in theory and in fact. How the tax cuts will not only NOT increase investment, jobs, and wage growth but will actually result in the loss of jobs and no wage growth. (Next week: roundup of Trump’s economic policies in his first year in office, and what’s coming in 2018)
Dr. Jack Rasmus @drjackrasmus
Jack Rasmus 
A great and appropriately angry post. One small comment. The Democrats aren’t “political wimps” they really are complicit with the decades long destruction of the American economy and social programs. As one small piece of evidence of their complicity, think about LBJ. Whatever LBJ was, he wasn’t a political wimp—-he jammed through some of the most important legislation of his time despite the fact that his term in office was relatively short. Think about his civil rights legislation and Medicare. But here is the take away: the Democrats have systematically airbrushed LBJ out of history. He is never mentioned. Instead we have nonsense about JFK or Bill Clinton or whoever. Thus, the real problem with LBJ was that he does not fit the mode of a complicit, political wimp so thus he became a nonperson.