On The Same Day That Trump Gifts The Rich & Powerful, Sanders Introduces Bill For Higher Minimum Wage
"Trickle-Down Economics", a term generally associated with "Laissez-Faire Theory", is not merely a pure example of unbridled capitalism, it is in fact worse. Unbridled capitalism, first of all, is the only existing form of capitalism, but "Trickle-Down economics" seeks to not only remove the "chains of constraint" (to borrow a Jeffersonian term)- to "take the gloves off" of capitalism, but to actually inject a steroid shot into the ruling elite. Involving such grand and brilliant notions as requiring those who generate the most capital to give the least back. If you feel as though 'Reaganomics' threw a monkey-wrench into our economic system, you may not be thrilled with the antics of the Trump administration. Whereas "Laissez-Fair" simply meant "let them do", or "let go" (unbridled capitalism), whatever Donald thinks he is doing is worse. He isn't merely "letting them do", he is helping them do. The capitalist system that is driving a distinct wedge between proletariat and bourgeois, and subjugating entire cultures will be receiving a booster shot from Trump, Bannon, and Steve Mnuchin (Affiliate and partner of Goldman Sachs for 17 years).
Within the current taxation system, the "corporate rate" is 35% (though not many pay this in full). Instead of raising the corporate rate to afford more leniency to the proletariat, billionaire Donald has *reduced* the corporate rate to 15%, instead of patching the legitimately existing problems of economic inequality. Instead of fixing a system that permits the ruling class from trading campaign contributions for a continuous cycle of tax favors. It isn't exactly like Trump has plans to decrease the net discretionary budget; O, Contrare. He has proposed for it increases greater than the inappropriate and unprecedented subtractions to to the State Dept, and the EPA. Those increases being the most frivolous and imperialistic in modern American history. He also wishes to lower the top "individual" tax bracket from 39.6% to 25%. These ideas and systems are not new ones; They have been tried, and they have proven the farthest thing from successful.
The most intriguing and semi-nostalgic aspect of this entire 3 ring circus, is that ironically, amidst Donald's attempts to make his wallet great again, Sen. Bernie Sanders and Co have introduced legislation which would, on the scant chance that it would be approved by the GOP-controlled Congress, increase the federal minimum wage to the $15/hr that many have been fighting for. There have been walk-outs, strikes, stand/sit-ins (some of which outside of Carl's Jr. & Hardees, owned by Trump's new labor Sec) for $15/hr for quite some time recently. It would be great indeed to think we may be on the brink of a major economic breakthrough; On the other hand, Donald Trump has, in every policy, and with every cabinet appointment, personified unbridled capitalism, and the complete repugnance for the working class. Yes, Sen. Sanders; We love you. But to be reasonable, I might stretch so far as to project that this bill will be shot down faster than a leopard during Trump vacation time, and, well, with approximately as much honor.