Scott Bessent, the new Treasury secretary, is preparing the US public for Trump's 'extravagance for capital, austerity for welfare' (Melinda Cooper) he first suggests we'd get financial instability if billionaires like him dont get tax cuts - ThreadSky

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danielagabor.bsky.social • 45 days ago

Scott Bessent, the new Treasury secretary, is preparing the US public for Trump's 'extravagance for capital, austerity for welfare' (Melinda Cooper)

he first suggests we'd get financial instability if billionaires like him dont get tax cuts

Comments

petekotz.bsky.social•45 days ago

"If we don't kiss the rich man's ass, calamity will ensue!" We've been run this economic model since Reagan. Is it time to say the results are in yet?

umbrarchist.bsky.social•45 days ago

Economists & socialists cannot think of mandatory accounting in the schools.

In 1776 Adam Smith published Wealth of Nations where he wrote "read, write and ACCOUNT" multiple times and used the word 'education' EIGHTY Times.

Keep workers desperate in an Economic Power Game!
Kiss my ass or starve!

danielagabor.bsky.social•45 days ago

he's now dropped the MAGA dreams of dollar devaluation, and with it, any claims to monetary financing those tax cuts

danielagabor.bsky.social•45 days ago

and he's worried about the US fiscal space, which you should read as code for cutting welfare to match billionaire tax cuts

grkstav.bsky.social•45 days ago

His "argument" makes absolutely no sense. He doesn't even hint at fears of additional US Govt spending being quasi or overtly financed by monetary emission having excessive inflationary effects.

jensyn.bsky.social•45 days ago

But the didn’t have a problem taking from tax payers to bail out Wall Street during the Bush Administration 🤷‍♀️ nor did they care that people were losing their homes because of the bailout, but we’re the problem. 🤷‍♀️

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