This week on Economic Update, Prof. Richard D. Wolff delivers updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell's over-reach, why regulations...READ MORE
This article originally appeared at truthout.org.
In response to the passage of the GOP tax bill, many voices are now offering variations on the theme of "speak truth to power." It's true enough that tax overhaul, coming after 30 years of widening inequality, widens it further. It is likewise yet another exercise in trickle-down economics, the policy promise that direct economic help to corporations and the rich will eventually lift up the rest of us. The GOP and Trump conveniently disregard the countless economists who have shown that trickle-down is a false promise.Read more
Prof. Wolff joins Brian Becker and John Kiriakou of Loud & Clea to talk about the Republican Tax Plan which could be signed into law as early as next week.Read more