Wells Fargo CEO Tells It Like It Is…and Isn’t - Liberal Resistance

Wells Fargo CEO Tells It Like It Is…and Isn’t

Do you suppose anybody out there, in the real world, genuinely buys trickle down economics?

Wells Fargo CEO Tim Sloan doesn’t. And he should know. He’s a Wall Street heavy hitter if there ever was one. But, according to Think Progress, he’s made it pretty dang clear that trickle down economics…the heart of the Republican Tax Plan…is a fantasy.

In an interview with CNN Money, Sloan said outright that his company has absolutely no intention of using its tax savings to hire new workers, and he doesn’t expect anyone else to do so either. The cash, he says, will go straight to stockholders. He doesn’t say anything about increasing CEO compensation, but if history is anything to go by…

So, in short, the GOP has once again foisted off a complete fairy tale on a gullible public. That’s the bad news. The good news? One of these days, that same public is going to wake up…

And get really mad.