posted on Feb, 19 2018 @ 07:33 PM
Before we say trickle down economics is or is not working, the reality is that we should wait for one year, and then take a look at it.
Historically it does not work, and often fails, causing far more problems for the people than it helps. The idea is nice, however it very rarely
One of the problems with the unemployment numbers is that they are often inaccurate. It does not take into account the number of people who are
actually unemployed and are not collecting any sort of benefits what so ever. Or have quit looking. But what is shown is that the unemployment rate
has been going down for the past 8 years, going from over 10% down.
When it comes to minority unemployment rates, the numbers there paint a very different picture and one can see the numbers going up and down. From
what I see, it goes up in the fall and winter and tarts to drop down in the spring and summer, looking like temporary or seasonal jobs. Is it a major
drop, no, it is a normal drop and I would say it is market driven. Course when Trump gave the speech to congress, the minority unemployment rate
actually went up, by over a point. But I would say that is normal for that time of year and not due to the policies set forth.
And these tax breaks are going to be short lived. The government finding itself short on money will have no choice but to raise those taxes, after
all the infrastructure that they are wanting will have to be paid for. So yeah, that is nice that the people get that one time tax cut, only to have
to pay more the next year to make ends meet.
And what if the market goes from bull to bear?