Trump Plans To Make Income Inequality Worse With Another Massive Tax Cut For Billionaires
If you weren’t sure if Donald Trump was a fraud, here is your proof. As income inequality eats away at the middle class, the fat orange buffoon getting ready to move into the White House is planning to make America great, but only for himself and his billionaire buddies. His parasitic top-down tax cut plan is a national disgrace.
The Guardian calls Trump’s tax plan “massive cuts for the 1%” that will usher in an “era of dynastic wealth.”
President Donald Trump is set to give America’s richest 1% an average annual tax cut of $214,000 when he takes office, while more than eight million families with children are expected to suffer financially under his proposed tax plan.
Trump’s screw-the-poor tax cut plan is nothing more than another trickle-down government handout for people who already have more money than they could ever spend. A byproduct of this insult to all Americans will blow a hole in the deficit bigger than our bloated President-elect’s girth. The HUGE deficit will then have to be offset with cuts to non-discretionary spending that helps the people who can’t afford to sit home all day counting their stock dividends. This fits in with the GOP strategy of making America appear to be “too poor” to take care of the people who actually pay taxes. This is Trumplican math. Because even a third-grader knows that if you take in less money, you have less money.
A recent study on FiveThirtyEight confirms the worst.
In 1970, according to the research, conducted by Stanford economist Raj Chetty and several co-authors, roughly nine out of every 10 American 30-year-olds earned more than their parents did at the same age, after adjusting for inflation. In 2014, only half of 30-year-olds could say the same. The slowdown in mobility shows up in all 50 states and is true across the income spectrum. The biggest declines were among the children of middle-class families.
Nobel laureate Joseph Stiglitz told CNN Money,
Wealth does not trickle down from the rich to the poor. Period.
However, neither facts, logic, common decency, or math has ever found its way into the Republican mind. That’s what happens when you’re sticking your hands in the Koch brother’s bucket of dark money.
Tell Congress what you think about what they’re doing to your country. Call the Capitol switchboard at 202-224-3121.
Maryann Tobin is the author of “Afterlife: The Journey Of A Dog’s Spirit” This heartwarming story is told through the eyes of an animal spirit that has been sent back to earth in the body of a small dog. His mission is to help a young woman discover that their destinies are connected to the powers of the Spirit World more than either of them ever imagined. If you’ve ever shared your life with a dog or any other pet, you will never look at them the same way again after reading this book. It’s available now on Amazon.com.