The Senate passed a tax plan that will transfer wealth from the middle class and lower classes to the very wealthy. Mark Shields lays out the basic numbers:
"This is a tax bill that is written solely for the deserving rich. And it
also, at the same time, manages to soak the poor. Just the Joint
Committee on Taxation and the Congressional Budget Office indicates
that, by 2027, by 2027, Americans earning the princely sum of between
$40,000 and $50,000 will, collectively combined, pay $5.3 trillion —
trillion — more in taxes. Americans earning over $1 million, by the same
study, will receive $5.7 trillion in tax cuts."
But, there is much more. As I wrote before, the point of the tax cuts is to balloon the deficit so the wealthy can cut Social Security, Medicare, Medicaid, and all "entitilements." You know, weaken the work force so they will work for less money and benefits. Turn all of America into a Southern Plantation, only now it's not just Africans who will be the slaves. How long until we see see bathrooms marked "For Plutocrats Only"?
In other words, the Trumpsters who put Trump in power are getting screwed.
But, so what? As long as he says politically incorrect things and pisses off liberals they will love him.
Brainiacs.
