The Government Entity I work for hasn’t given us a raise for past 11 years.
How is someone supposed to live on the same salary for 11 years?
Do you know of anything that has stayed the same for 11 years except for salaries?
While the Government Entity has voted themselves a raise every year.
I guess they feel their more important than the people that actually deliver the services.
Or their constituents that pay their salary, which by the way they control, without any oversight,
that I’m aware of.
Then on top of that they want to Kill the UNIONS!
But don’t worry, the Tax Cut and Jobs Act of 2017 is going to Save The Day!
Because of the Tax Cut and Jobs Act of 2017 I can Live the American Dream!
And live happily ever after!
Surprise, Surprise, Surprise!
The Tax Cut and Jobs Act of 2017 did little to cut taxes for the families, who need it the most.
Barely one-third of families in the bottom 50% of earners own stocks, according to the Fed.
Lower-income Americans don’t have extra money to put into stocks, and a third of workers, don’t have access to a
401(k) or another retirement plan, according to Pew.
Young people are also less likely to benefit from the rally.Less than a third of people ages 18 to 29
owned stocks on average between 2009 and 2017, according to a Gallup survey released in April.
Nearly two-thirds of Americans between 30 and 64 own stocks.
On the other hand, nearly 94% of the top income group owned stocks in 2016.
Current data shows, that the wealthiest one-percent of our country were the largest beneficiaries
of the tax cut.
The main reason the wealthy benefited is because the corporate tax rate fell from 35% to 21%.
Treasury Secretary Mnuchin pleaded with CEO’s to use the tax cut to reinvest in the economy and to provide wage increases.
But the data shows most of the money was plowed into corporate share buybacks to boost executive compensation.
Who would have thought?
That Executives only care about themselves and don’t give a manure about the worker.
So, as we can see around us every day, that the spoils of the stock market runs are slanted heavily in favor of the wealthy.
As is The American Dream!