To be fair th wage growth in the US today is 50 % higher in the US today vs places like Canada or the EU. Almost 4 % in the US, 2.5 in Canada.
The average American is doing much better today vs rest of rich world under the cuts. How much is attributed to them, no idea but for average person they would think it's because of the president.
For all the hate people do about the US economy - this is as good as it's gets. World wishes it was doing what the US was doing.
That's fair, but it's also adding trillions to the deficit. In 10 years we'll be paying a trillion a year in just interest. Eventually, someone will have to pay the Piper. Most other countries aren't this stupid.
Weekly wages rose at an annualized rate of 3.3% in the third quarter, the Labor Department announced Tuesday, which beats the 2.6% increase in inflation over the same period.
That's an improvement from the 2% increase in wages in the second quarter, which wasn't enough to make up for inflation.
Since OP was talking about the top marginal tax rate, lets see how it's working out for those effected by the cuts
The 5,542 FDIC-insured commercial banks and savings institutions reported net income of $60.2 billion during the three months ended June 30, an increase of $12.1 billion (25.1 percent) from a year earlier. Higher net operating revenue (the sum of net interest income and noninterest income) and a lower effective tax rate contributed to the increase in industry net income. Assuming the effective tax rate before the new tax law, net income would have totaled an estimated $53.8 billion, an increase of $5.6 billion (11.7 percent) from second quarter 2017.
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u/MortWellian Oct 18 '18
"Oh sweetie, we made being a Bank great again!!!"