Tag: trickle down

Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change

~ Fred Donaldson ~ Leave a comment

Business-beholden members of Congress are falsely boasting that their 2017 tax law has been responsible for less unemployment and slightly higher hourly wages. They praise themselves and President Donald Trump for cutting corporate rates from 35% to 21%, eliminating most taxes on dividends and capital gains, doubling the exemption for inheritance tax, and dropping the … Continue reading Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change

Trickle, trickle, fools we are, to trust the rich, now flush with cash, will share with us their bounty

~ Fred Donaldson ~ 1 Comment

The inlaid walnut table in the corporate boardroom held 12 on either side and two or three at each end, and the execs were all perched, prepped to pounce, when I dragged in my 2001 budget - 1015 pages of spreadsheet and other sheet. As division CEO of a NYSE-listed publishing company with nearly a … Continue reading Trickle, trickle, fools we are, to trust the rich, now flush with cash, will share with us their bounty