We are trapped in a push-pull between low unemployment with low pay and higher wages with disappearing jobs. That dynamic will remain as long we retain our cultural and economic dependence on mass employment.
Here’s how this program would actually work, once it’s been ground into political sausage.
So far, we’ve seen none of the secondary shocks (like the collapse of Lehman Brothers) that convert a “correction” into a “crash.” However, as this band of nitwits continues to exercise power, the more pointless damage we’ll incur. Every system has its limits. We are exploring ours.
A fat reduction in taxes is nice, unless you have to use that money fill the gaps in government services.
Hayes is no genius. He’s not a standout super-CEO. He’s just a solid performer who worked his way up through the ranks of business management to a leadership position. In other words, he is far more qualified than our President to do anything outside the entertainment or marketing industries. And as you read carefully through the interview you discover that it will be pretty easy for an average American CEO to take our next President to the cleaners.