Skip to main content

TRUMP TAX CUT, WHERE WILL THE TREE FALL?

Ikun nje ogede, ikun re'di, ikun o mo pe ohun to dun npani - meaning "the Squirrel is eating the banana, it is enjoying itself; the Squirrel does not know what is sweet kills".
The tax cut today will benefit people like me for awhile, while the richest people in America like Donald Trump and his billionaire cabinet, will enjoy a massive and "permanent" tax cut on money being borrowed from China, $1.5 trillion. They said, oh, the rich will reinvest the gain of the tax cut so the tax cut will pay for itself. Hummmmmm. I wish it is one plus one equal two - knowing the greed inherent in human nature, the smell of disaster is around the corner. 

Let the American RNC politicians ask Mikhail Gorbachev what led to the weakening and eventual collapse of USSR when Perestroika and Glasnost policies were been implemented concurrently - the Russian played into the arms of America. I see Putin repaying the favor now by purportedly meddling in American election and playing Trump cards. America is just recovering from many wasteful years of wars initiated by the RNC under Bush junior - more than $7 trillion has allegedly been spent to prosecute the war in Afghanistan and Iraq. The money for the economic gain under Obama that rescued the US economy (while the rest of the world's economy went into crisis) from massive recession was borrowed from China. China is stronger for this foolishness on the part of the Yankees. America is on the verge of another war with North Korea and then is this massive tax cut that is a gift to the richest 0.01% to be paid for by borrowed money that the middle class yet unborn will have to pay. There is the revamp of the decaying American infrastructure and the tall tall tall wall between the US and Mexico - all that needs billions of dollars in spending. It is not clear where the money will come from. The ordinary Americans - the middle class who pay most of the tax and have not seen any increase in their pay in a long time. However, what we are already seeing is cut to important areas such as education, policing, regulatory agencies, social welfare system, and healthcare, etc.

This current situation makes me conclude one more time that people are the same everywhere (in America or Nigeria - I do not see any difference in some of the politicians in America and those in Nigeria in terms of the policies they float and support), you find some greedy ones and some few who truly care about ordinary people. Politicians in Nigeria will share bags of rice, quickly pave bad roads, pay an outstanding salary, etc. when they see an election coming, all in order to win the electorates' support - Alas, the people have been short-changed because all the effort are TEMPORARY. I see same here on the part of the RNC - they want to give a gift (though legal). People are often worse off than before the election. There are two possible outcomes here, and either would have a far-reaching effect - it is either the tax cut "make America great again" or it destroys America as we know it. Ti a ba nge igi n'igbo, o soro lati mo ibiti'o wo si - meaning, when you are cutting a tree in the forest, it is difficult to predict where it will fall. Whatever the case, God's will be done and His kingdom will come on us.

Comments

Popular posts from this blog

DARWANIAN Theory - The Driving Force Behind American Capitalism Philosophy

Communism died, and capitalism survived. Capitalism is a supposed system that allows freeness in an economy - market forces in the hands of private owners control what happens to the economy with minimal influence by the state. Capitalism has produced enormous wealth in the West. There are so many millionaires and billionaires. The question is, what is the ratio of the stupendously rich and those who are just scraping by - living from pay check-to-pay check? The gap is huge between the rich and the poor in most capitalist states. When President Trump was going to deliver his tax reform, it favored the rich with about 80% of the tax benefits going to the top 1% richest people in America. The argument was that they create jobs, they should benefit more - money is being given to those who really do not need the extra cash but those who need it the most, aids is been taken away from people who are at the bottom of the ladder because of a few who lie on their social welfare claims. I h...

STATE of THE NATION (NIGERIA) - February 2020

For 16 years, Nigerians believed that their problem was a political party called PDP. The other side agitated for those 16 years to wrestle power from PDP and many of us supported them. That other side has been in power for almost 5 years now, and things have gone from bad to worse compared to the PDP years. The money APC government has borrowed in 5 years is multiple of what PDP borrowed in 16 years, and the economy has gone down the drain. Nigeria has become the poverty capital of the world, and millions of children are out of school, there are no hospitals, unemployment is double digits and it has remained so for the better part of Buhari's time in office. The security situation has gone worse because the president is complicit due to the involvement of his kinsmen - he has shown zero will to tackle the problem decisively. The consequences of this is crack in the wall of the entity called Nigeria - with Amotekun launch in the South West and the US ban of Nigerians from ce...

Lagos - Calabar Coastal Highway, Another White Elephant Project by the Nigerian Government?

Except Nigeria changes its approach to project execution fundamentally, I do not see the Lagos - Calabar Coastal Highway project finishing in my lifetime. This project was conceived in 2006 by OBJ, 18 years ago. They are just starting today... 2024. If things are done properly, it will take 8 years - 8 years oh... that could be 80 years in Nigeria. How many decades since the Ibadan - Ilorin highway was conceived (since 1979) - it was restarted in 1999 during OBJ who conceived the road during his first stint in government as a military head of state. The road is yet to be completed, and the portion completed is already dilapidated, worse than the old road. Lagos - Ibadan expressway is yet to be fully completed 25 years since it was awarded. There have been several awards and re-awards since 1999 and billions of dollars have been wasted on a major road that links the commercial hub of Nigeria to the rest of the nation. There are so many other Federal highways like this, especially those ...