Taxcuts will be invested on Wall Street. [View all]
Not on Main Street.
The stock market is the new economy.
Many, if not most, companies believe they can make more money by investing their profits in the market, rather than creating new jobs. For many businesses, that may be true?
That is why the huge taxcuts planned by Trump and the Republicans will not end up on Main Street. They will not be used to create more jobs - they will be used to create more creative investments.
The stock market is where the money will go.
And that is where the bubble will explode. Just like all bubbles in the past, this one will create havoc within our economy.
Congress will create more loopholes to make it easy for companies to invest in the market. They will not create that many jobs. They will create some, but not nearly enough to reach the grandiose goals of the Republicans.
Just like in the past, they will destroy our economy.
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