The Tax Cut Scam
Fri Nov 10 2017
Julie Young (526 articles)

The Tax Cut Scam

I can’t help shake this sinking feeling: This tax cut package that is being peddled by the current administration is a scam. Why? Because the entire narrative is dishonest and predicated on false, make belief premises.

Rich guys giving themselves tax cuts telling you it’ll trickle down & economic growth will be nothing but milk and honey & it will all pay for itself

Surely people are not falling for this?

— Sven Henrich (@NorthmanTrader) November 9, 2017

Look, I don’t like paying more taxes than I have to. Nobody does and I’m not opposed to tax cuts if they actually do something positive for society and the economy. Get Republicans and Democrats together to work something out that helps address our structural issues. I’m all for it.

But my take is that this game that is being played here is a snow job and an obvious one at that and I’ll tell you why.

Let’s start with the obvious: The very people that are pushing for it have an inherent conflict of interest. Everyone of these people stands to gain personally from the very tax cuts they are pushing:

 

Julie Young

Julie Young

Julie Young is a Senior Market Reporter and Analyst. She has been covering stock markets for many years.

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