Infrastructure, not tax cuts.
As predicted, tax cuts are not driving wages. Even if you believed they would, it wouldn’t have happened for many years.
Wage rises we’ve recently seen would have happened anyway with an economy so close to full employment. And there’s no sign of an investment boom either (the very thing needed to drive wages even in the long term).
The tax cut is just driving share buybacks, which send gains to (mostly wealthy) investors, not wages.
So as promised, it will worsen inequality and still worsen the budget position.
https://www.nytimes.com/2018/03/25/opinion/tax-cuts-and-wages-redux-slightly-wonkish.html
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