Trump’s Tax Plan Is An Act Of Political Domination By The Rich | WHAT REALLY HAPPENED


Trump’s Tax Plan Is An Act Of Political Domination By The Rich

Why do so many people work 60-hour weeks for poverty wages while a few luxuriate in the fabulous returns of interest-bearing assets? Why are the citizens of Puerto Rico threatened by a deadly social collapse while the fruit of the island’s labor is shipped to Wall Street bondholders? The answer surely cannot be that some wealthy members of our society are exercising political power over the lives and incomes of others. We must consider growth, productivity, liquidity, gross domestic product and the debt-to-GDP ratio.
But at the heart of every important economic issue are simple and straightforward power relationships. When you are in debt, someone else has financial power over the ordering of your affairs. Wealth enables rich people to buy their way out of troubles that overwhelm the lives of the poor. For much of our history, the American government granted some people the right to own other people. Economic problems are political problems. They have always been so; they can never be otherwise.

And so in a perverse sense, President Donald Trump’s most recent tax proposal is a great gift to society. It clears away much of the obfuscating hocus-pocus that leaders of both political parties have been busy constructing around our politics over the past 40 years. Trump wants a massive tax cut for the very wealthy>>>

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