Trump's treasury nominee Scott Bessent, who is worth ~$500 million, warned of "economic calamity" if Trump's tax cuts for the rich are not extended.
But when asked if we should raise the federal minimum wage above the current paltry $7.25/hr, he said no.
Economic populism.
But when asked if we should raise the federal minimum wage above the current paltry $7.25/hr, he said no.
Economic populism.
Comments
I did some quick numbers this PM and would like a check.
CEO compensation has risen over 700% (conservative figure) since 2009 when the Min Wage was last increased.
At that number if the mileage had done the same it would be $52.50 per hour.
Get 'em psycho-analyzed first!
And CORRUPT LAND LAWS CORRUPT ALL OTHER LAWS & all of us!
What changed?
Adam Smith used the word 'education' EIGHTY Times in The Wealth of Nations. He wrote "read, write and ACCOUNT" FIVE Times.
Where have economists pointed out Smith's pithy remarks in 70 years?
Just an asshat.
Eat the rich!
😣
Lol that will do the opposite of what he claims.
That's nonsense. They act like the pre-Trump tax rates were outrageous rather than 2 or 3% different.
Yeah for him. He needs those tax cuts to buy another yacht.
."Economic populism" is bullshit-speak.
It IS popular to want to work for a wage that will feed, clothe and house my family.
This punk ass couldn't administer my christmas club account!
~ Voltaire
Bessent sure doesn’t.
Groceries will stay high AND interest rates are at 7%.
Guess who ELSE doesn’t care?
Trump … despite what he says.
Get ready for the Age of the Oligarchs, folks.
Sorry, MAGA—YOU chose this.
Is Trump hiring more Democrats than Republicans?
Is this not the right time?
They are the GOP’s true constituency. There is no true party of the people.
I'm sick and tired of the uber riche whining.
When is enough enough?
Also let them know they’re not getting one because of Trump.
Still worried about the price of eggs you imbeciles?
🇺🇸😎🇨🇦
Fuck the rich.
It is better to serve them!
....to your guests with a side of Balsamic Parmesan Roasted Asparagus and Tomatoes
This is where manufactured culture wars to mask outragous wealth growth and greed will get you.
He should be asked to explain,”For whom exactly?”
Maybe when the lights go off and the beer runs out. Maybe.
Why not call it a minimum wage “correction”?
When do the riots start?
Bonuses will be cut for CEOs?
Probably.
But yeah those greedy rich SOB’s need a tax cut.
Musk predicted a "necessary economic collapse" now that Trump is elected. So Trump doesn't need to worry about an "economic calamity" if he doesn't pay back his billionaire oligarchs for installing him.
It's going to happen anyway.
A repeat of what they all did to us during the Great Recession?
When asked who would be responsible of inflation continues during Trump's term, he said, "There are many factors that would have to be taken into account."
https://youtube.com/playlist?list=PLEcFsv4LLKx66dpCTa-k86SoEqSX7UeI2