But despite the regulatory "relief" and giant tax cut they're getting, America's rich aren't investing more than before.
Corporations have been using savings from the tax cut to buy back their shares of stock at a record pace. Icahn has been among the biggest investors pushing them to do so because buybacks raise stock prices, thereby putting even more money in his pocket.
It's doubtful Icahn will use the savings from his "financial hardship" waiver to invest in more oil refineries. Profit margins in refining are plummeting.
In reality, Trumponomics is a thin veneer of an excuse for giving America's rich -- already richer than ever -- whatever they want, while sticking it to everyone else.
We are rapidly becoming a nation of just two groups. The first are those without any voice, vulnerable to real financial hardship, who are losing whatever meager assistance they had. This includes many white working-class Trump supporters.
The second are those like Carl Icahn -- powerful enough to extract benefits from Trump and the GOP by claiming they need such incentives in order to invest. But their neediness is a hoax, and the only significant investments they're making are payoffs to politicians.
Far more Americans belong to the first group than to the second. The question is when they will realize it, and vote accordingly.
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