The President as Businessman
by Rudolf Hickel, blaetter.de, June 2017
Trump’s gigantic tax cuts will only benefit the rich. State indebtedness increases on account of neoliberal fiscal policy, not through infrastructure investments.
Revenue losses of over six trillion dollars are expected for the first decade after the Trumpian tax cuts start. In his symbolic politics, Trump sells the illusion that the old order can be restored. Only market efficiency counts for this system, not social justice.
Canceling food, housing, and health care benefits is sadism and greed, not public policy.