“Can’t afford” is code word for rich people won’t profit enough from it
Most rich people don’t work for their income. They get money from dividends, capital gains, and other unearned income. You pay more in taxes for actually working than they do sitting on their asses collecting checks from their stock holdings.
When rich people get a tax cut, they buy stock and real estate.
When corporations get a tax cut, they repurchase their stock shares to inflate the price, increase CEO pay, and increase their dividends.
These people don’t suddenly hire more workers because they got a tax cut. They already have plenty of money, more money won’t suddenly make them hire you or increase your pay.
The only thing that increases the number of jobs is an increase in demand. And increase of demand is achieved when workers and average people have more money to purchase goods. Higher wages for workers = more demand for goods = more jobs This isn’t calculus, it’s economics 99
Translation – Making rich people wealthier again! Destroying the social safety net! Gutting benefits to the working class to provide a tax cut for myself and wealthy friends again!
Benjamin Dixon and Valeria Sistrunk reporting.
Real estate speculation and privatization are bad……when it happens to rich people in San Fransisco
“Unsurprisingly, the residents were more than a little upset when they belatedly found out what had happened.”
Thanks to a little-noticed auction sale, a South Bay couple are the proud owners of one of the most exclusive streets in San Francisco – and they’re looking for ways to make their purchase pay. The couple’s purchase appears to be the culmination of a comedy of errors involving a $14-a-year property…