Other than them both being dickheads

  • Ghostalmedia@lemmy.world
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    24 hours ago

    The bill give massive tax cuts to the extremely rich, and it attempts to pay for part of that by:

    • kicking many low income and disabled people off of federally funded health insurance
    • closes poor rural hospitals that depend on Medicaid money
    • cutting subsidies for manufacturing jobs that make emerging green tech, like EVs
    • food and child care assistance will disappear for many poor families.
    • and there is a bunch of weird little sneaky things hidden in it that people hope don’t get noticed because the bill is 200+ pages

    When you do the math, the rich will get a lot of money, the very poor will have lose money, the and middle class will break even but many will be put on unemployment.

    And it costs an extra $4,000,000,000,000, which is fucking bonkers.

      • Ghostalmedia@lemmy.world
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        23 hours ago

        I guess the big argument is that giving a bunch of money to the wealthy will stimulate the economy. Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t much to support that argument. Trickle down economics hasn’t been shown to work.

        I also, if you’re in the camp that doesn’t believe in climate change and or thinks poor people are poor because of character flaws, then you probably like this thing. Or if you’re a wealthy person who donated a lot of money to republican politicians, you probably like this thing, because it’s a return on investment.

        It’s not particularly great. Many people on the right only voted for it because they’re afraid Trump will primary them, and end their political careers, if they oppose.

        • grue@lemmy.world
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          22 hours ago

          Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t much is nothing to support that argument. Trickle down economics hasn’t been shown to work has been conclusively shown to not work.

          FTFY

      • butwhyishischinabook@lemmy.world
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        23 hours ago

        A lot of people still buy into trickle down economics despite consistently not working for the several decades we have tried it and reflexively support tax cuts for the wealthy. A lot of those same people also think that kicking people off of what they consider to be “welfare” will somehow magically result in those people quickly becoming employed, thinking that the reason they aren’t employed is because they aren’t facing serious enough consequences for unemployment.

        • grue@lemmy.world
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          22 hours ago

          A lot of people still buy into trickle down economics despite consistently not working for the several decades we have tried it

          It has literally never worked, even over a century ago when it was called “horse and sparrow economics,” and it never will.