As I ponder the state of our nation, I cannot help but feel a sense of dismay and frustration at the revelations concerning Donald Trump’s tax plans. The analysis that suggests his proposed policies would increase taxes on 95% of Americans is not only disheartening but also deeply concerning. It is baffling to think that a leader would advocate for measures that predominantly benefit the top 1% while burdening the rest of the population.
The disparities highlighted in the distributional analysis shed light on the stark reality that the wealthiest individuals stand to gain significantly while the middle class and the poorest segments of society would face tax increases.… Continue reading
The American Dream, for so long the shining beacon that carried the promise of opportunities and prosperity to both citizens and immigrants, is fast fading. This assertion, voiced recently by Walgreens’ boss, is something of a wakeup call. He speaks primarily for himself and his ilk in the top echelons of wealth who believe that this wealth discrepancy is unsustainable and damaging the very fabric of our society. He insists that their taxes must be increased to mitigate the broadening wealth gap and the subsequent demise of the middle class—the real job creator, the driver of diverse industries and the sustainer of demand for a plethora of goods and services.… Continue reading
What’s funny is you’re right. Trumps tax overhaul (while OVERWHELMINGLY helping the rich, especially by lowering the corporate tax rate to 21%).
It did also help middle class people by raising the standard deduction and reduced tax brackets somewhat.
But oh no, the business benefits are permanent while the middle class benefits expire in 2025.
What’s that? The only reason the middle class got anything at all was that Democrats threatened to filibuster at the time.
Again what have republicans done for the middle class that you or anyone would believe they are on anyone’s side but the very rich?
When lower class people get money, they spend it.… Continue reading