Re: OT: Trump's Cabinet Picks

On 19/11/2024 7:07 am, john larkin wrote:

On Mon, 18 Nov 2024 09:01:09 -0500, chuck <donnyduck@gmail.com> wrote:
 

Trump the Great Protector has succeeded in duping Americans to fear by
depending the issues. The outcomes will reduce taxes for the rich,

 The wealth of "The rich" is mostly in stocks or productive
enterprises. If you tax them, they will sell stocks or industries, and
that will cause inflation and unemployment.

It hasn't in the past.

 The tax-the-rich thing is mostly jealousy. We should be grateful to
the rich for diverting dollars away from consumption and into
investment.

The tax-the-rich thing is entirely practical. They've got most of the money, so there really isn't anybody else to tax. Government services cost money - defense is the obvious one, but the police and the legal system deal with internal threats. Modern states - the US isn't modern in this sense - see universal education as a necessary service - and a comprehensive public health protects against communicable diseases.
Business doesn't like paying taxes so USA business pays for a lot of lying propaganda that claims that government services aren't as cheap as the same services provided by businesses. This gave you ENRON, but some gullible suckers haven't noticed.
<snip>

A bit of creative destruction is good now and then. It breaks up
static friction.

Trump doesn't offer creative destruction. He offers incoherent dissatisfaction with the status quo, and nothing that looks like a coherent alternative.
--
Bill Sloman, Sydney