bill718
Diamond Member
- Jun 26, 2016
- 1,170
- 2,197
- 1,940
As a candidate, Trump positioned himself as a different kind of Republican. With all the integrity of a late-night infomercial host, Trump rinsed away the taint of decades of GOP economic mismanagement. In a spin cycle, he promised his plans would bring prosperity to a long-overlooked working class. But what Trump ultimately delivered is what all Republican presidents have delivered since Ronald Reagan: bubbly new wealth for the already rich, while putting the middle-class through the wringer.
This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.
Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.
Yet, Trump supporters still worship him as a GOD
This cycle has played out twice in plain view: First with Trump’s 2017 tax cut, which showered wealth on the richest, offering the middle class a drop in the bucket, and now with a pandemic response that has inflated the wealth of billionaires, even as main-street America reels under a Depression-level crisis.
Contrary to all of Trump’s assurances, his tax bill generated a windfall to the 1 percent. It’s the continuance of 40 years of upward siphoning of the nation’s wealth to a tiny elite. Income-tax cuts generated an extra $50,0000 a year for America’s highest earners. But the real benefit, $1.35 trillion, went to corporations — and by extension only to their top executives and shareholders.
Yet, Trump supporters still worship him as a GOD