The Trump tax cuts were designed by and for the billionaire class and no one else. The law cut corporate tax rates permanently and individual tax rates temporarily. It also removed the ACA mandates and caused insurance rates to move up for participants. Anyone who thinks the Trump tax cuts are fair to average Americans either does not care what happens to working Joe and Jane or doesn't understand the law. It's a truly vicious swipe at the now want-to-be middle class. At the end of 2025 the working class will get screwed unless there's a Democratic administration and Congress.
Most of us here are lucky enough to be in the investor class but we're not crass enough to think the American working class can continue to get screwed as they have been for the last 40+ years. Trump and McConnell put that on steroids. As DeSantis said yesterday, he will create a true Handsmaid's society if elected. His model SC judge is crooked Clarence. He envisions eight years as president and bringing the SC to a 7-2 advantage while getting rid of radical left judges like Roberts.
According to Pew, lower income families have grown by 14%, the middle class has shrunk by 18% and the investor class has grown by 50% over the last 50 years. I don't remember a time when corporations were doing poorly in the US but I do remember a time when corporations weren't people and money wasn't speech. I think we were much better off then, even those who have benefited from the Bush and Trump tax cuts. Billionaires own the SC as it's the only non-democratic institution. We now know they want the other two branches. They almost got the administrative branch in 2020. I'm sure they've learned how to manage this better in 2024.
The stock market is a device for transferring money from the impatient to the patient. - WB
AI
