For years, no - decades, conservatives and right-wing American corporatists like Congressman Paul Ryan would claim over and over again that our high wages drive jobs overseas, and combined with high taxes, regulations and even civil rights create undue burdens on economic development and growth.
We heard that in Wisconsin at roundtable discussions on taxes during Act 10 and again by the Wisconsin Manufacturers and Commerce cartel in their recent defense for dark store property tax cuts. The WMC said that increased taxes, "will do nothing more than increase the costs to do business in Wisconsin, making the products we buy each and every day more expensive.”
That's the old stand-by right-wing mantra.
"Increasing taxes on businesses will increase the cost to do business and those higher costs will be reflected in higher prices for consumer goods and services."
Simple common logic that should lead to us to deduce that lower taxes, conversely, should drive lower prices at the cash register.
In addition, Ryan's rhetoric about putting more money in worker's pockets and increasing take home pay has absolutely nothing to do with increasing wages in the private sector. Ask him. Raising the minimum wage is not a part of his plan. Same with Scott Walker and Sen. Ron Johnson. Simply put, raising American domestic wages puts the nation at a competitive disadvantage with the rest of the world. We've been told that over and over again.
So, when top ten GOP donor class corporations like AT&T, Boeing, Wells Fargo and Third Fifth made announcements about increasing wages as a result of the GOP's tax plan, they are in fact putting America at an economic disadvantage. It sounds crazy but it is their rules.
I don't see anyone on the Left, and that includes me, saying raising wages is a bad thing. What I am saying is for the GOP tax cuts to work as intended based on their own history, ideology and rules, we need to see noticeably lower prices for American goods and services across the board, starting immediately. Particularly in Trump de-regulated industries like banking, insurance, manufacturing and energy.
Because tax cuts come at a tremendous cost to our country, I for one want to see any tax cuts work for the benefit of our economy. But again, raising wages puts us at an economic disadvantage with countries like China, Mexico and India. We were also told raising wages will increase unemployment or encourage automation here at home.
Remember, lowering taxes on businesses will lower the cost to do business and those lower costs should be reflected in lower prices for consumer goods and services.
Unless of course, higher taxes allow businesses to artificially raise their prices and blame it on high taxes ...followed by lower taxes allowing them to keep the difference.
So, instead of GOP donor class companies making largely anecdotal announcements for the benefit of their political tools, companies like AT&T and their competitors should be dropping their monthly fees on internet, phone and cable by 20% to 30%.
For starters. Americans are waiting.
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