Cramer: Tax cuts better for investors than for US workers

[Yo_Mama_Been_Loggin]

The GOP's tax bill is excellent for the stock market, but perhaps not as good for U.S. workers, CNBC's Jim Cramer said Monday.

Stocks were sharply higher Monday after Senate Republicans passed their tax bill early Saturday, moving President Donald Trump and the GOP closer to overhauling the U.S. tax system. The House passed its bill last month.

During the bill's creation, a criticism of the proposal was that it massively benefited corporations and the wealthy while having mixed results for others.

When asked, Cramer agreed Monday that the bill is for people who have capital. "I said on Friday that it may not be good for the workers, but boy is it good for the stock market," he said on "Squawk on the Street."

"It's funny because the president tweets about the stock market and then delivers a bill that's good for the stock market," Cramer added.

https://www.msn.com/en-us/money/markets/cramer-tax-cuts-better-for-investors-than-for-us-workers/ar-BBGcQc2?li=BBnbfcN&ocid=edgsp

While it's obvious to most of us this fact is oblivious to many Trump supporters.

[Yavin4]

1. "Tax cuts better for investors" --in the very short term, but in the long term...

the more money congealed at the top, the less money circulates which leads to recessions. As taxes go up and govt services are cut, people will have less and less to spend on consumer goods and services.

[dawg]

2. This is what so many so-called "experts" fail to understand.

We are slowly, but inexorably, destroying our competitive advantage as a country. We've been doing so ever since Reagan, with only brief pauses during Democratic Presidencies.

We would've already fallen to third-world status were it not for the fact that the other major world economies have been dealing (poorly) with significant problems of their own.