$1,000 pays my rent once. Now what about the other 11 months of the year where a non-bonus income means I’m just barely scraping by? I’m not getting a bonus, or a raise, from the small-business owner who’s supposedly being helped out the most by this tax cut. I’m not even getting another $1,000 on my tax return next year.
I’d also love to see the actual size of those raises being promised. I got a raise every 6 months when I worked at a movie theater. It was 5 cents an hour, and I was capped at $8.10/hour going up from a baseline of $6.50. But whenever AMC put out the “now hiring” signs, “regular raises” was a top bullet point.
You know what the top marginal tax rate was during the oft-cited super-prosperous post-war 1950s?
90%.
Now it’s 37%, and despite workers being more productive than at any other point in human history, wages have stagnated for the last 30 years. Cutting rich people’s taxes hasn’t done fuck shit for the working class. Why would it start to now?
