Billionaire Trump Nominee Warns Of 'Calamity' If Rich People Don't Get Tax Cuts - Farron Balanced

[TexasTowelie]

During his Senate confirmation hearing this week, Donald Trump's pick to be Treasury Secretary - billionaire hedge fund manager Scott Bessent - warned that the country is facing "calamity" if wealthy people (like him) don't get tax cuts. History has proven that giving money to rich people does nothing to improve the lives of working class people, but here we are again having to debunk the lies of trickle down economics. Farron Cousins explains what happened.

[tulipsandroses]

1. I'm surprised MAGA has not rebelled and called him a groomer. He would be the first openly gay man to hold that position

See MAGA - this should show you that LGBTQ folks are just like anyone else. Some are good people, some are assholes. Just like everyone else. Treat people accordingly.
But interesting that the Anti LGBTQ party has 2 prominent gay billionaires that influence the Republican Party.

[orleans]

5. who is the other one you're referring to? nt

[NameAlreadyTaken]

7. Peter Thiel?

[tulipsandroses]

10. Peter Thiel

Whose boyfriend died by suicide weeks after being confronted by Thiel's husband.
Typical republican values - straight or gay.

[sheshe2]

2. EF him.

Isn't he the same guy that said he wouldn't consider raising the minimum wage from $7.25? Greedy f**king bastard.

[Wiz Imp]

4. He says it's a "state issue"

He also said there is no amount of money/wealth, even hundreds of billions of dollars which should be taxed at a higher rate to increase revenue and that wages should definitely be taxed at a higher rate than things like capital gains because the people with massive non-wage income are "job creators". He made me physically ill listening to him.

[Yo_Mama_Been_Loggin]

8. That's such bullshit

They don't invest money to create jobs. They invest in the hopes of making more money.

[Wiz Imp]

9. Correct

The guy knows nothing about economics. He's a hedge fund manager whose only priority ever has been to make as much money as possible, and if he can screw over the majority of people who live paycheck to paycheck at the same time, all the better as far as he's concerned. He is absolutely disgusting.

He is said to have a net worth of at least $1 billion. His current company, Key Square Capital Management has a whopping total of 30 employees. So this "job creating" billionaire has created a grand total of 30 jobs. In other words, he's created 1 job for every 33 million dollars in wealth. Insane.

[Wiz Imp]

3. I've been saying this guy was as bad as any of Trump's picks from beginning

even though he isn't as well known. Now people are finding. Watching his confirmation hearing you would have seen a guy who couldn't answer a single question without stammering like crazy, a pretty big clue that the guy was lying through his ass. He was both pathetic and disgusting. And as I said before, he knows absolutely nothing about economics. All he knows is being a hedge fund manager and he appears to believe they are some special sainted individuals who should not be taxed at all because they are "job creators" which is a total joke.

Unfortunately, there is little chance of him being voted down, so to the extent that the Treasury Department actually influences the economy, expect an unmitigated disaster because of this guy.

[Yo_Mama_Been_Loggin]

6. Pompous prick

[William Seger]

11. If he wanted to stimulate the economy, he'd want tax cuts for people who would spend it

... not for people who will hoard it. But of course, stimulating the economy isn't really what he wants.