Why Joe Manchin is Wrong About Inflation and Why We Need a Windfall Profits Tax – Robert Reich CNN

CC is rather good on this one.   Hugs

Despite what Manchin and the corporate media are telling you, federal spending has actually declined. The subsidies that were part of the stimulus packages are over. If Joe Manchin was truly worried about inflation, he would support increasing taxes on corporations and the wealthy to tamp down overall demand – and he would support antitrust enforcement to break up monopolies who are raising prices even as they rake in record profits. Of course, he won’t do that — those monopolists line his campaign coffers.

3 thoughts on “Why Joe Manchin is Wrong About Inflation and Why We Need a Windfall Profits Tax – Robert Reich CNN

    1. Hello Roger. Why do these politicians and high office holders demand austerity for the public, the people having to do with less, but never for the wealthy or big businesses? They don’t ask those people, the upper incomes to do with less? They don’t do austerity for them. Just low leveler incomes need to have less? Wasn’t that Margaret Thatcher’s message, and one that Ronald Reagan tried to copy? Hugs

      Liked by 1 person

      1. Reagan and his famous ‘Trickle Down Economics’? (or as called by George Bush snr when he was running against Reagan ‘Voodoo Economics’).
        Something of con. As old ‘saws’ reflect:
        1.’There’s nothing surer
        The Rich Get Rich
        And the Poorer Get Poorer,’
        2. ‘Money flows to money’
        3. ‘The more you have. The more you get,’
        And from the UK satire show of the 1960s ‘That Was The Week That Was’
        A sketch translating political statements:
        (a) Jolly Fellow ; ‘We are going to have to tighten our belts’
        Cut to another performer pointing to out the fourth wall:
        ‘YOU are going to have to tighten YOUR belts!’
        And yet they keep on getting away with it.

        Liked by 2 people

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