26 Jan 2025
This morning on MSNBC's The Weekend you were talking with Nevada Congressman Steven Horsford.
For viewers' benefit, Symone, you said that Trump is after Horsford's district, and has talked about eliminating the tax on tips. You then pointed out that Horsford also supports no tax on tips, but wants to go further.
Those are your words as I remember them, Symone: He "wants to go further."
I
am writing to say that to solve the economic problem, people need to
put more thought into it. We need a plan, an overall plan that can solve
the problem. Piecemeal change is less likely to improve the economy
than it is to lock in the continuation of bad-to-worse.
The
first step is to understand what the problem really is. And we are not even
there yet. Note that the income aspect of the problem goes back at least
to 1970:
 |
| Graph #3: Compensation of Employees as a Share of GDI |
And
the most recent data shown -- below the 52 percent level -- is about
where employee compensation was during the Great Depression. Biden Kamala got the blame for that.
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