Post Tagged with: "Steve Mnuchin"

This year’s NCAA national football championship was won in dramatic fashion by the University of Alabama. 

Most remarkable was that the game was actually a tale of two halfs. The first half was dominated by the Georgia Bulldogs, and the second by the Alabama Crimson Tide.

Alabama’s coach Nick Saban recognized that they couldn’t win doing what they’d been doing in the first half. At halftime, he brought in freshman quarterback Tua Tagovailoa. Saban felt Tagovailoa would have a better chance given his superior passing game. It was risky, but Saban felt he wasn’t going to win by doing what he’d been doing. 

In the software development world, this process of trying something, seeing what happens, and then adjusting accordingly is known as agile development. 

What’s agile development got to do with Oprah Winfrey?

A political cartoon and a parody of the second scene of Hogarth’s Marriage a la Mode with politicians playing the main parts. A wealthy couple is having breakfast in a richly decorated room, the morning after a card party. (Wellcome Images/Wikimedia)

The corporate special interest group spin is that the rich will spend more if only we give them more in the form of tax cuts.

If people buy this story, then they think they’re doing the right thing by giving rich people tax cuts. That is, it doesn’t even matter if all of the benefits of the GOP tax bill are geared toward America’s wealthiest, because the wealthy will use this money to “create” more jobs as they say.

This is why it’s important to have a simple story about what really happens when the rich get tax cuts. Here’s how to explain in a way that makes it easy for people to understand in five minutes.