But remember they still pay federal taxes-payroll and Medicare=15.35% if their income (including what their employer pays), federal excise taxes, gasoline taxes...etc. When all federal, state, and local taxes are taken into account, the bottom fifth of households pays about 16 percent of their incomes in taxes, on average. The second-poorest fifth pays about 21 percent. The vast majority have NO money to consider investing. It takes everything and then some to just feed, cloth and house their families because of the paultry wages their greedy corporate employers pay. But, hey, they damn well be thankful they have a job, how ever sorry, right?

Truimpy's Tax Cuts and Jobs Act is a scam to further enrich the wealthy and big corporations at worker expense.

"Widespread publicity about corporations sharing a big slice of their huge Trump tax cuts with their workers through bonuses and wage hikes is mostly hype, this Americans for Tax Fairness analysis reveals. Even though America’s biggest corporations are poised to reap hundreds of billions in tax cuts, only 18 corporations in the Fortune 100 have announced any sort of employee benefits tied to those cuts, as of today. Only 46 of the Fortune 500—just 9%—have announced any plans to share the tax-cut wealth."

http://americansfortaxfairness.org/analysis-major-corporations-getting-huge-trump-tax-cuts-not-generous-workers/

So, while fans continue to celebrate the "successes" of the Trump administration, the rest of us are wondering how it is they can't see that a lot of Trump's efforts are designed to screw the American working class. I'm starting to suspect this has a lot to do with language. They understand the terms used in Trump's rhetoric like "criminals" and "missiles" because these are things that feature prominently in movies and TV, but terms like "net neutrality" and "fiduciary" bore them, so they ignore the associated stories.

So I am exploring approaches to bring the most serious threats to the American people out of the boring zone and into a context maybe more people will understand. here it goes...

Fact #1: Americans trying to save for their retirement are getting ripped off by financial advisers to the tune of $17 billion per year.

Fact #2: As a consumer protection measure, the U.S. Department of Labor proposed a fiduciary rule that requires financial advisers to act in the best interests of clients when it comes to overseeing retirement accounts.

Fact #3: There is fierce opposition to the rule, led by the U.S. Chamber of Commerce. It's pretty obvious they represent the "right" for financial advisers to rip people off and get that $17 billion.

I have a lot to say about who is taking sides on this issue, but I don't want to loose focus so I'll just state that Obama supported he fiduciary rule and Trump opposes it.

Really, what more needs to be said?

Opponents of the rule are trying to use the argument that such a rule will limit consumer choice. This by now should be a familiar argument because it's a trick that politicians have noticed works pretty well with a population that is convinced that more choices are always better. As if Starbucks could improve their menu by adding battery acid and bleach to their options.

Yes, the the rule would reduce the choices because it would eliminate the choices that are designed to rip them off.

Now, why on earth would a president be so opposed to something that safeguards the interests of the American people?

I can only tell you that “loose” rhymes with “noose”. You are writing about what we have to lose. I wish all you brilliant people who think you can run this country in a better way than Trump could at least get those two words straight. I am sick to death of all this nit picking. Everyone wanted a tax break. We got a tax break. The Democrats can’t stand it that a Republican did that for Americans. They believe in giving into illegals and let our old citizenry who worked to pay government salaries just go hungry. Stupid. You may be the most arrogant one of all.

(quote=straightUp)None of your guns are going to help you, small fry. Besides no one want's the $225.20 in your coffee can anyway. If you don't have any bank accounts like 90% of the American people do, then I suppose the fiduciary rule won't mean anything to you, especially if you don't care about anyone else.(/ft)
Sorry to rain on your parade but my money wouldn't fit in a coffee can...

Nor is it in the stock market or gold or silver. God ain't making any more of what I invested in and no crook can sneak In and steal it. Land me boy, good old American dirt with beautiful money growing talk.

Passed down from generation to generation for over two hundred years.

That's my coffee can of retirement.
😆

OK, so you're lucky enough to have land handed to you. Not everyone is that lucky. I had to work pretty dang hard to get the land I own, which is only .25 acres but enough for a house, so I couldn't make money from it unless I sold it.

My only advantage is my trade and my work ethic, neither of which are relevant after retirement and what I've managed to save and invest hasn't reached a value that could sustain my family without wages. That makes me part of a very large majority of Americans who didn't inherit land or money, that could use a little consumer protection as they try to invest their hard-earned money into their future.

Something like a fiduciary rule. ;)

Ya know, if you want share a federal government with the rest of America, you gotta have some respect for the rest of America.

Back in the early and mid 60's the Goverment spent billions of dollars in education and teaching job skills. I am referring to on hand job training.

A good friend of mine was a master machinist and could make anything out of metal. He was a MDTA instructor and taught students how to use a metal lathe, milling machine, and other various metal working machinery.

Mr. Willie has made gun parts for several weapons I was restoring. Once made a fly wheel, transmission gears and rear end heard for some cars I was restoring.

Anyway the program was great. It taught higher math, to calculate making gears, how to read and draw blue prints and other necessary skills of a machines.

There was only one draw back. Getting dropout student's ans/or students that couldn't afford college.

Most elegiable students were too busy shooting basket ball than to get a FREE education for a high paying job.

Don't blame the governments for not providing the skills to get a good high paying job.

Semper Fi brother's and sister's
God bless America and President Trump for trying to make AMERICA great again
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