Sven Henrich of Northman Trader: America will have a tax cut hangover

“THE TOP 5 PERCENT WILL HAVE REAPED 75 PERCENT OF THE TAX CUT BENEFIT, BUT THE REMAINING 95 PERCENT WILL BE STUCK WITH THE FULL BILL.”
And when the next recession comes, it will be again up to the Fed to save the day, as Congress will have done nothing on the structural front but have fully pleased their lobbyist overlords. And only in the fullness of time will many people realize the truth: That tax cuts at this time were not implemented with the intent to be the right policy at the right time, but to serve as a robbing of the U.S. Treasury wrapped under the guise of free money for all.

via Sven Henrich of Northman Trader: America will have a tax cut hangover