The tax bill in particular and Trump’s other economic initiatives in general (such as reducing regulations) are dramatically improving the financial situation of the entire country. Nearly everyone benefits from one or more of these:
- Tax cuts that help at least 80% of the population and make it much easier to file for most people. And the few that do have to pay more are mainly the rich in Leftist states (as if you could do anything to please them anyway — and don’t they claim to like paying higher taxes?).
- The stock market gains have been phenomenal. Anyone with any sort of retirement account has to be enjoying this. And it is all because of the Republican financial moves. The stock market always looks forward, so this is all about these changes and has nothing to do with Obama.
- Many companies have raised wages and/or given bonuses, including Wal-Mart. This helps nearly everyone, because other companies will need to raise wages to keep up. That supply and demand thing has its sharp edges, but in this case it will help. And while wage increases can ultimately be inflationary, in this case the companies are using their tax savings to fund them so they won’t necessarily be raising prices. Haven’t Leftists always lamented Wal-Mart? Shouldn’t they be cheering now?
Also, while we don’t have a wall yet, illegal immigration is down and that will provide more jobs to citizens and help increase wages. And the tax bill gutted Obamacare by eliminating the individual mandate.
This is all so spectacularly good for everyone — except the radical Leftists who hate Trump so much that they’d deny these amazing benefits to the people they claim to care about.
The Left will go on hating Trump and get even more unhinged, but how do you think all those people getting tax cuts, pay raises and fatter retirement accounts will feel? Hopefully they’ll realize that Republicans have always been the adults in the room on economics. and that the Left has not only been lying to them but that they never really cared about them to begin with. The Republicans can campaign on having kept some major promises.
Pass the popcorn.