Max gets to Tuesday by getting on to one of his favorite subjects, cars, and how for months Max has said that Trump is itching to place tariffs on cars from Europe, in particular from Germany, and as it turns out there have been meetings in the White House in recent days on this very subject.
Next Max jumps into the latest figures, which reinforce much of what we already know, that the massive tax cuts for corporations and the well-off have translated into, increased stock buy backs and other benefits for the stock holding class, which let’s not forget is only 48% of the US population, and of that, 80% of the stock market wealth is owned by 20% of the population. So it is no surprise that these people have done very well from the tax cuts, in particular as it turns out, companies are spending more on stock buy backs than they are on pay increases for their employees, or investing in plant and machinery. What’s worse is that much of the increase in investment is from only five companies, which is great if you work for them. And if you thought the tax cut would pay for it’self then Max has a bridge in Brooklyn he would like to sell you. Finally Max gets into the terrible weekend Trump had in France where he was supposed to be remembering those killed in WW1.