The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

Monday, February 11, 2019

Trump offers socialism for the rich, capitalism for everyone else | Robert Reich | Opinion | The Guardian

“America will never be a socialist country,” Donald Trump declared in his State of the Union address. Someone should alert Trump that America is now a hotbed of socialism. But it is socialism for the rich. Everyone else is treated to harsh capitalism.

In the conservative mind, socialism means getting something for doing nothing. That pretty much describes the $21bn saved by the nation’s largest banks last year thanks to Trump’s tax cuts, some of which went into massive bonuses for bank executives. On the other hand, more than 4,000 lower-level bank employees got a big dose of harsh capitalism. They lost their jobs.

via www.theguardian.com

This looks like Professor Reich's broken clock moment.

https://rightcoast.typepad.com/rightcoast/2019/02/trump-offers-socialism-for-the-rich-capitalism-for-everyone-else-robert-reich-opinion-the-guardian.html

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