$3 trillion in tax cuts

Cutting corporate and upper income taxes means they are free to spend more of their unearned income on things most important to them. If we are corporations we can take this money and invest it in China or buy hedge funds with it. If we are wealthy individuals we can get on line for one of those new private submarines so hot in the upscale market or put it in a bank, stock or bond somewhere on earth where we can get the highest return.

If we aren’t rich, your meager tax cuts under the plan means you get to hold on to more of your hard earned money which is all the more important because those corporations are paying us less and less as a share of what we produce while the corporate share of income explodes. Unfortunately for every tax dollar we don’t pay we discover that our private costs for health and education goes up faster so that we are worse off.

Government spending

Government spending means every dollar will be used to hire your own workers, increasing domestic employment, putting pressure on the corporations to pay hirer salaries.

But of course governments waste money on schools, hospitals, roads, electricity, research and development, and bureaucrats who might regulate our food, water, and air safety and even possibly our financial markets. Some tax dollars are spent on bridges to nowhere, unlike the private sector, where competition insures there will be no waste of resources-or not one dime more than $700B.

Health insurance

The self-styled representative of the working class hockey mom will tax health care employer paid health benefits effectively relieving US corporations of the responsibility of paying for their workers health insurance, forcing workers to turn to the notorious private health insurance industry in the US with a tax credit that will pay for very little health insurance. Playing hockey becomes a much more dangerous activity.

Jane 6 pack becomes Jane 3 pack, and she better not get sick from the unregulated beer that she can afford because her private health insurance won’t cover the health costs.