The great lie: Tax cuts for the rich will cause a growing economy that will lead to more jobs and higher wages for working people.
The truth: Tax cuts for corporations have never led to higher wages for workers. They have only led to an ever-growing wealth inequality between the 1 percent and the 99 percent.
Corporations are enjoying high profits and lack no money for investing in new jobs or higher wages. They are simply not doing so. Instead the results of the working folks’ labor are pouring into the bulging banks of the wealthy.
So why is the Republican party so adamant about enacting tax cuts that will overwhelmingly benefit wealthy people? In theory Republicans care about the middle class, but re-election money comes from a few rich donors and not from ordinary folks.
Our system of financing elections leaves politicians for sale. It should be no surprise that the few rich can buy themselves enough presidents, senators, representatives, and judges to rig the economy to make the rich richer and everyone else poorer.