Trump Tax Cut Bill a Wealth Transfer Scheme and More

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GOP Tax Cut Bill a Wealth Transfer Scheme and More

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

House and Senate bills aren’t traditional tax cuts. A colossal heist best describes them.

Their aim is twofold: transferring maximum wealth from ordinary Americans to corporate predators and super-rich ones, along with slashing Medicare, Medicaid, eventually Social Security and other vital programs on the phony pretext of needing money to pay for the heist – social justice on the chopping block for slow-motion elimination.

It’s a longtime GOP goal, neoliberal Dems like the Clintons supporting what they won’t publicly acknowledge. Both right wings of US duopoly governance support wealth, power and privilege exclusively.

Paul Craig Roberts blasted the GOP scheme, saying its “purpose is to raise equity prices by providing equity owners with more capital gains and dividends.”

It makes them richer at the expense of the vast majority of Americans, benefiting by picking their pockets, reverse Robin Hoodism.

Roberts believes the GOP scheme could head the nation “closer to revolution resulting from complete distrust of government.”

I’ve called America’s corrupted system too debauched to fix, nonviolent revolution the only solution. Resisting tyranny is a universal right, its scourge increasingly besetting the country.

The alternative is neoserfdom, a ruler-serf society, perpetuating crises and wars to transform other countries the same way, cracking down hard on nonbelievers, centralizing global control, abolishing the middle class, achieving unchallenged wealth and power, NATO operating as an enforcer worldwide – a living nightmare for ordinary people.

Roberts calls what’s going on “the total failure of capitalism…a looting machine,” not the real thing – socialism for the rich, law-of-the-jungle free (not fair) market capitalism for everyone else, victimized by a system prioritizing warmaking, plunder and exploitation.

My own experience in small family business was world’s apart from how corporate predators operate.

We were privately owned, unbeholden to Wall Street or investors. We believed treating employees (professional associates and support staff) and customers fairly was good business.

I called it cheap promotion, paying big dividends in good times. Our cyclical business experienced hard times during economic downturns.

We saved as many jobs as possible. Ones retained were kept on full pay and benefits. Owners like myself took reduced pay, at times none, until conditions improved.

We retired standing tall, a successful small business from the 1960s to 1999 – my unplanned second career beginning a few years later, still going strong, doing everything pro bono, intend continuing as long as my health holds out.

David Stockman ripped the GOP tax heist in several articles – his latest calling it a “1.8 trillion tax (bonanza for America’s privileged class) over the next decade – most of its permanent.”

Stockman sees a ‘fiscal cliff’ after 2025. He believes the Senate bill’s cost will exceed $2.2 trillion.

Ordinary people will bear the cost of the great tax cut heist, privileged ones benefitting at their expense.

VISIT MY NEW WEB SITE: stephenlendman.org (Home – Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.

My newest book as editor and contributor is titled “Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III.”

www.claritypress.com/LendmanIII.html

 

Stephen Lendman
Stephen Lendman
Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a BA from Harvard University. Two years of US Army service followed, then an MBA from the Wharton School at the University of Pennsylvania in 1960. After working seven years as a marketing research analyst, he joined the Lendman Group family business in 1967. He remained there until retiring at year end 1999. Writing on major world and national issues began in summer 2005. In early 2007, radio hosting followed. Lendman now hosts the Progressive Radio News Hour on the Progressive Radio Network three times weekly. Distinguished guests are featured. Listen live or archived. Major world and national issues are discussed. Lendman is a 2008 Project Censored winner and 2011 Mexican Journalists Club international journalism award recipient.