The wealthiest Americans nearly doubled their share of national income since 1980--from 11 percent to 20 percent. The rest of America hasn’t seen a decent raise since 1980, so inequality is soaring. Look at the stock market, where investors are raking in enormous profits. Does it look like the wealthy need help?
Most of We-the-People oppose tax cuts for the rich, but our voices are displaced by money, which former President Jimmy Carter calls “oligarchic bribes.” Our representatives safely ignore us and blithely lie that tax relief for ordinary folks is the focus of the bill. Every time the GOP takes charge, this trickle-down vampire revives. Not one time has it worked: Create more jobs, blah, blah, blah. Where are the deficit hawks that would prey on Democratic leaders if they proposed a tax bill that added $1.5 trillion to the deficit?
You can be certain Rep. Paul Ryan’s long-time dream of destroying through privatization every program that helps seniors or the needy will be next on the agenda. Cuts are already in the budget. "Billions for the rich, but not one cent for the needy" is the rallying cry of unregulated war-hawk capitalists as they sit comfortably in warm homes while the rest of us freeze, literally.