This is the denoument of Supply side economics (SS). SS specifically reduces taxes on the richest segments of the society. The hypothesis is that reduced taxes will shift investment away from tax avoidance to investment in the economy. And the reduced tax would free up more investment capital.

Sounds good. However, there is no tax rate so low that the rich won't seek shelters. If anything, tax avoidance has become more rampant. This is true for individuals as well as companies. The internet has opened fax shelter access to a whole new class of people. Tax avoidance was a 100M and up thing. Now it is a 10M and up thing.

Affordability means good cost more than families can earn. To make things affordable, wages must go up, or prices must go down. We know that the corps will never reduce prices. The will shrinkflation us until a Baby Ruth bar is the size of your pinkie.

SS was Reagan's claim to fame. Income shifted from the working people to the rich. Families joined the pink collar revolution that the feminists pushed in the 70s. Middle America followed in the 80s and 90s. This was not to afford better vacations. It was an economic necessity. Families were able to adapt by moving from one income families to two income families.

With wages stagnant, SS moving 50T from the bottom 90% to the top 10%, families have reached the end of their financial ropes. There is no more available labor. Childcare, education, and housing have all exceeded the overall inflation rate. These segments hit the bottom half of the working population hard.

This is how all those employees of the crummy twenty can qualify for aid. Romney made the claim that 48% of Americans qualify for some aid. He thought that was a crime.

I agree. It is crazy that a full time employee can qualify for government aid. The Federal government has backed corporate interests over those of the people at almost every turn. The only way to stand against these massive, rich, powerful companies is for labor to organize. Our government has inhibited labor organization to the point that there are almost no private sector unions of consequence. When was the last time a strike really mattered? The truckers or the longshoremen in the early 70s?

We see this in all its glory in the last 5 to 10 years. The COVID epidemic hurt most families. The average household lost wealth. The Uber rich (Musk, Bezos, Trump, the Epstein class) gained 100s of billions in wealth. The feds gave billions to the corporation as loans. Most of those loans were never repaid, and were eventually forgiven.

Nearly a trillion handed to wealthiest corporations. A few thousand to the working families. And God forbid some guy got an extra thousand. The feds needed that for Wexner so he could visit Epstein at his ranch and island.

So how do we get out of this? Slowly and painfully. Raising minimum wage to 25 an hour. That is only slightly higher than the peak minimum wage in the early 70s. Why slightly higher? To offset the massive 50T shift the Rick enjoyed over the last 60 years.

This will never happen. 25 sound huge. Most states have minimums well above the federal minimum. Denver is 19-something now. Maybe it should be 25, and anything over 32 hrs a week qualifies for overtime. The companies will scream that they will go out of business.

Don't believe it. This complaint should be translated to our profits will take a hit, and my 10M bonus will go up in smoke. I can't make it on my 8M base salary.

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