We billionaires just wanted to say a quick thanks for voting for Donald Trump without paying nearly any attention to what his actual policies would be. It’s the least we can do, given that you’ve already done so much for us.
Whether we enjoy restoring natural coal-flavoring to river water or seeing the cabinet stocked with our fellow billionaires and buddies from Goldman Sachs, it’s the little things — like being allowed to destroy the climate so we can be a tiny bit richer — that we appreciate so very much.
Private splendor and public squalor has never been more evident. While the recent election gave federal power to those who would widen the gap, state and local governments, the governments closest to the people, are where increasing needs, the perilous state of public services, and the growing disparity between the super-wealthy and the rest of us may offer fertile ground for progressive strategies that largely benefit those who voted for Trump.
Today’s corporate media bears little resemblance to our Founders’ notion of a free press – which they argued was necessary to a functioning democratic republic. Between Reagan and Trump, the media has gone from literally over 10,000 owners all across the nation to a mere dozen or so. And, public companies all, their interest is not in having an informed public, but in making the most money they can.
Ignoring race to focus solely on economics helps the GOP, and that won’t even be an option considering whom Trump’s policies will target, argues columnist Greg Sargent. But author Ian Haney-López asserts that the Democratic Party presenting itself as “a coalition of minorities, each with discrete identities but united by a few shared interests” won’t reverse the trends that have fed massive inequality either. Instead, Democrats must confront the right’s white identity politics for what it is: a scam against the entire American working class.
A desire to fix any billionaire deficit may account for Trump’s decision to stock his administration with real-life tycoons. The way it works is that they cut him into their deals and he lets them influence tax and regulatory laws. This assumes that Trump might participate in such an unseemly trade, heaven forfend.
Hillary Clinton proposed raising taxes on inherited property to 65 percent for the estates of billionaires as she bolstered plans for tax hikes on the wealthiest Americans.
By Elaine S. Povich, Stateline.org WASHINGTON — The wealthiest Americans can move markets at home and abroad with their business decisions. When they sell massive quantities of stock, receive huge bonuses, or suffer crushing losses, those events also can have a significant impact on state finances, especially in small states that collect taxes on income […]