I have little to say about the GOP/Trump tax bill. I'm not an economist, nor am I a prophet. I have little confidence that the average American will see long term benefits, if any at all. Corporate America doesn't exist in a vacuum, and today the social context emphasis is on hedonism and narcissism. I've long said you can't split people in terms of morality. If you let people insist that what goes on in their bedroom is only about them and what they want, then it won't take long for them to conclude that what goes on in the boardroom is only about them and what they want just the same. Worrying about how things impact others will be as common as thinking how one's personal life impacts others.
Today, wages are stagnant, and that's the mischief behind our economic woes. The fact is, people had much more buying power 50 years ago than today. Stagnant wages means less buying power, and less taxes (blood from turnips and all). I know some will argue it's all the government's fault, what with taxes and regulations. I just can't help but notice that each time an attempt has been made to loosen those same taxes and regulations, there is no real movement from the top to make sure the excess trickles down into the little people's tin cups.
If the bill passes and in a year that changes, then that will be good news for the GOP and Trump. If the bill passes, and suddenly wages begin to go up and more money is in the pocket of the average American, then Democrats had better start shuddering. If, however, we only see Wall Street leap and bound ahead, while wages stay where they are now, which is where they were years ago, while cost of living continues to rise, then those who dread a Democratic majority will be the ones doing the shuddering.