People on the left, especially those aspiring to be Federal Treasurer, have no idea about economics. The other day I heard the Opposition Finance spokesman (I can’t remember his name, but he’s a typical Labor hack who just memorises the day’s talking points) trotted out the standard line about the Government’s proposed company tax cuts: “They are just for Malcolm Turnbull’s rich mates. It’s trickle down economics and it hasn’t worked anywhere in the world.” (Read that aloud in your best whiny voice for the full Bill Shorten experience.)

In Trump’s America the company tax cur is working before it actually comes into effect. Some big companies are giving their employees a Christmas bonus and others are voluntarily boosting their minimum wage to $15 per hour (a rate which leftists have been demanding the Governments- state and federal- mandate whether companies can afford it or not.) Better still many other companies are now saying they will actually invest more.

Really? Tax cuts to big companies helps workers? How does that work?

From “Louder With Crowder” (just to trigger people)

In Response to Tax Reform, Three Grateful Major Companies Help Employees…

“Something, something, ___ won’t help the middle class” — thus are the screeching squalls of the left as their snowflake frames melt under successful tax reform. Let’s mop up their puddles as we immediately show how tax reform is helping the middle class. Let’s begin with massive salary hikes, shall we?

Three major corporations are increasing employee salaries just after tax reform is passed and just in time for Christmas. Fa-la-la-fabulous wages. But it gets even better!

Fifth Third Bancorp will pay more than 13,500 employees a bonus and raise the minimum wage of its workforce to $15 an hour after the passage of the Republican tax plan that will cut the bank’s corporate tax rate.

AT&Tsaid earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.

Wells Fargo, meanwhile, also said it would be boosting its minimum wage for employees to $15 an hour, which was prompted by the tax plan. The San Francisco-based bank also said it would target $400 million in donations to community and nonprofit organizations next year.

Cincinnati-based Fifth Third, the fifteenth largest U.S. bank by asset size, said the tax cut allowed it to re-evaluate its employee pay and pass along some of the windfall.

That’s right, boys and girls. The $15 wages are finally happening, rejoice! When we give our homeland companies a take-five from the heavy load of taxes, they pass down the monies. Who would’ve thunk?

Read the full story here