Robert B. Reich's Blog, page 74
February 6, 2017
Trump’s War on the Courts, the Press, and the States
Republicans in the majority in Congress and unwilling to cross Donald Trump, the...
February 3, 2017
A Yiannopoulos, Bannon, Trump Plot to Control American Universities?
Berkeley Wednesday night have been a boon to Milos Yiannopoulos, of Breitbart
News,...
A Yinnopoulos, Bannon, Trump Plot to Control American Universities?
Berkeley Wednesday night have been a boon to Milos Yiannopoulos, of Breitbart
News,...
February 1, 2017
Don’t Focus on Gorsuch, Focus on Trump
January 29, 2017
Trump and Bannon’s “America First”
has reorganized the National Security Council – elevating his chief...
January 23, 2017
TRUMP’S INFRASTRUCTURE SCAMOur country is in dire need of...
TRUMP’S INFRASTRUCTURE SCAM
Our country is in dire need of massive investments in infrastructure, but what Donald Trump is proposing is nothing more than a huge tax giveaway for the rich.
1. It’s a giant public subsidy to developers and investors. Rather than taxing the wealthy and then using the money to fix our dangerously outdated roads, bridges, airports, water systems, Trump wants to give rich developers and Wall Street investors tax credits to encourage them to do it That means that for every dollar they put into a project, they’d actually pay only 18 cents and we would contribute the other 82 cents through our tax dollars.
2. We’d be turning over public roads and bridges to private corporations who will charge us expensive tolls and earn big profits. These tolls will be set high in order to satisfy the profit margins demanded by elite Wall Street investors. So—essentially—we pay twice – once when we subsidize the developers and investors with our tax dollars, and then secondly when we pay the tolls and user fees that also go into their pockets.
3. We get the wrong kind of infrastructure. Projects that will be most attractive to Wall Street investors are those whose tolls and fees bring in the biggest bucks – giant mega-projects like major new throughways and new bridges. Not the thousands of smaller bridges, airports, pipes, and water treatment facilities most in need of repair. Not the needs of rural communities and smaller cities and towns too small to generate the tolls and other user fees equity investors want. Not clean energy.
To really make America great again we need more and better infrastructure that’s for the public – not for big developers and investors. And the only way we get that is if corporations and the wealthy pay their fair share of taxes.
January 22, 2017
Trump’s Two-Step Strategy To Take Over the Truth
liar that in coming days and years our democracy will depend more...
January 20, 2017
The Life of the Party: 7 Truths for Democrats
ongoing contest between the Hillary Clinton and Bernie Sanders wings of the
Democratic Party...
January 18, 2017
Four Takeaways from Trump’s Latest Tweet Tantrum
tweeting: “Totally biased NBCNews went out of its way to say...
January 15, 2017
Trump’s Plan to Neuter the White House Press Corps, and Neuter Our Democracy
questioning, and they hate the free press. They want total control. That’s...
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