Paul Krugman

@paulkrugman ↗

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Last Checked July 22, 2020

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Wed Jun 19 15:20:07 +0000 2019

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Paul Krugman @paulkrugman

So the big beneficiaries are stockholders. Among Americans, that's a wealthy minority: despite 401(k)s and all that, stock ownership is highly concentrated at the top. Beyond that, however, around 1/3 of US stocks are owned by foreigners 3/ — PolitiTweet.org

Posted June 19, 2019 Hibernated

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Paul Krugman @paulkrugman

The claim was that this would lead to massive inflows of capital from abroad and a huge investment surge, so that the benefits would actually flow to workers. But the capital inflow and investment surge aren't happening 2/ https://t.co/cq7o2fEkjZ — PolitiTweet.org

Posted June 19, 2019 Hibernated

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Paul Krugman @paulkrugman

So even as Trump boasts, falsely, that foreigners are paying his tariffs (actually it's ordinary American families), foreigners are in fact receiving a large fraction of the benefits from his tax cut -- at the expense of the Treasury, ie taxpayers. Funny how that works 4/ — PolitiTweet.org

Posted June 19, 2019 Hibernated