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UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

tax cuts on the poorest people in society

Are functionally no different than higher wages. But without public infrastructure - housing, education, health care, etc - what does an extra couple grand actually buy?

We’ve seen this in the US for decades. A pittance of tax cuts pitched as a percentage of income is presented as this enormous boon. But then wages stagnate, prices skyrocket, and debts soar in the face of new privatization.

And then we’re worse of than when we started.

The tax cut doesn’t buy anything in an inflationary economy

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