In order to ensure the future of whole societies, we have to do more than just give a treat to the ultra-rich.
<i>Everyone liked the speech of the U.S. president: Business leaders were convinced that Trump is pursuing a profitable policy for them, and other forum participants simply enjoyed the show</i>
This year, the expectations from the World Economic Forum in Davos, which are traditionally rather high, have seriously [Read more]
Even after the Trump administration is gone, the aftereffects of what it does will continue for a long time.
Walmart’s case clearly shows how to set in motion a virtuous cycle of economic growth.
Beijing is paying close attention to any spillover effects from Trump’s tax cuts and will not remain indifferent.
President Trump got elected as a populist and a non-traditional Republican. He said he would not preside over a tax reform that was mostly about benefiting wealthy taxpayers like himself. And yet, less than a year after his inauguration, this is what he and his party have delivered.
Trump styling himself as the spokesman for regular Americans was of course always a ruse devoid of any real meaning.
Why did the senators do this thing? Because they were being blackmailed by a few powerful oligarchs, the very people who will benefit most from the tax cuts.