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Think about Trump tax-cuts, who benefited most, the big corporations. That meant they made more profit which meant their stock price went up. Which meant people
by galaxyLogic 7y ago
Think about Trump tax-cuts, who benefited most, the big corporations. That meant they made more profit which meant their stock price went up. Which meant people who owned stock got richer, and if you owned a lot of stock much richer. Whereas poor people who can't afford to put money aside for stock-investing did not get any less poor and they did not get tax-breaks or government support-programs either. They didn't get better infra-structure so travel for them would be cheaper and food fresher etc.
Point is it does not matter if rich got richer. What matters is the tax-system that (at least under Trump) favors the rich and produces growing inequality.