This scam has been killing wages and enriching billionaires for decades.

"The only thing wrong with the U.S. economy is the failure of the Republican Party to play Santa Claus."

-Jude Wanniski, March 6, 1976

Meagan Day writing over at Jacobin magazine is quoting from a new study that was published in Psychological Bulletin written by Thomas Curran

W.J. Hennigan wrote a fairly lengthy piece in Time magazine on the first of February. He writes:

The rich get richer, and the poor will never be able to retire.

The #GOPTaxScam was the straw that broke the markets’ back. Here’s why and how.

First, America is hugely in debt (known as “overleveraged” in econ wonkspeak).

The corruption of small D democracy, the corruption of human rights, the corruption of civil rights, the destruction, actually, of civil and human rights, the destruction of the public sphere, the the deconstruction of government - or as Steve Bannon famously said, the deconstruction of the administrative state, in other words taking apart government.

There are two bright-red warning lights flashing right now on the dashboard of what's left of American democracy. While Donald Trump is hyper-aware of both of them, the media and most of our politicians are ignoring them.

They are War and Crash.

War

In his State of the Union speech this week Donald Trump asked Congress to give him the power to purge cabinet agencies. He said:

I got this email a couple of days ago from Trump headquarters after I got off the air, it was 4:10 p.m. Pacific time: "Fred," (because I'm registered as Fred Flintstone with the Trump campaign)...

Chuck Butler does a daily newsletter called the Daily Pfennig - the German word for penny - and he talked about a Minsky moment in bonds in yesterday's newsletter.

So Donald Trump goes to Davos and the whole media in America is like, "whoa, he's hanging out with the globalists, how can he do that?"

I don't think that you can argue that a two-year-old decided to take a risk to come to this country with their parents, any more than you can argue that the African Americans decided to come over to the United States.