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The Rich Got Richer, But You Should Have Expected That
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This one's for the political talkers out there, a New York Times story pointing out that the effect of the Trump tax cuts have been, well, not positive for most individuals. The shorthand: FedEx paid over $1.5 billion in taxes in 2017. In 2018, they paid nothing. Yet, they did NOT do what the Republicans insisted companies and the rich would do with the savings -- instead of reinvesting in the business or giving workers raises, they instead cut jobs, put some money into the pension funds to get even more tax breaks, and enriched shareholders. That's not how we were told it would work. And your listeners should know about it. (New York Times)
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