The news is full of reports on the abuse of taxpayer trust as administration officials follow the example of the president and opt for extravagant travel options at the expense of the taxpayers and/or to personally benefit their own interests for comfort, luxury and, in the case of the president, personal business gain.
Why now? Because the checks and balances that were in place in previous administrations where such requests would have been challenged before the expenses were incurred are no longer in place. The people in this administration, starting with the president, simply have no issue with making taxpayers foot the bill for their luxurious habits. They don’t seen any issues with this behavior.
What better example could be produced for the consequences of the proposed tax cuts for powerful corporations and the already well off?
The proposed tax cuts promise to help the overall economy and benefit those with less.
But there are no regulations / obligations in the law that require the behaviors that will benefit the country or will produce economic benefits for those who need it most.
We are relying on individual choices to do the right thing.
And we just saw what happens when rich, powerful men are given the option of unregulated access to money – they use it for personal comfort and benefit with no thought for the impact on others.
Remove the estate tax and the wealthy can take care of their own without being ‘troubled’ with paying taxes into the country that enabled their good fortune. No jobs created, nothing given back, no sense of doing what is best for the country – only what would be best for the family. This benefits no one but the family that avoids taxes and feels entitled to benefit from the country has to offer without paying anything close to their fair share.
The same is true of any tax cuts on their income – or the removal of that pesky ACA Additional Medicare Tax that required the wealthy to pay into Medicare at a rate close to that paid by the least of us.
And corporations, led by the wealthy and powerful, will be allowed to keep more of their revenue. There is a possibility that jobs could be created – but why when they could opt to keep the profits for themselves? Corporations already have much wealth and are not creating jobs because they don’t have to – most people can’t purchase enough to drive demand. The tax breaks have no requirement to produce jobs – so they won’t.
And that small business tax relief includes reducing tax rates for the ‘small businesses’ that will never create jobs because they are merely legal entities to protect individuals from risk. No matter what the level of income – no jobs will be created. These companies are identified separately so they could be exempted from the breaks but are not – because the wealthy use this status to minimize their tax rates. The tax reductions have no requirement to produce jobs and no regulations to avoid letting the wealthy pay a lower rate of taxes overall without giving anything back to help others.
Unless we force the already well off to do ‘the right thing’ and contribute back to the country and the people that enable their wealth, we have seen proof that they will take every advantage they are given to enrichen themselves.
And the president who claims that his tax changes will not help him personally is willing to lie to get the benefits that help only himself and his family.
This is what trickle down looks like – and it has produced the income inequality and wage stagnation that the current economy is threatened by.
We have the proof in real visible examples of what happens when you give the wealthy and powerful the option to take advantage of others while enriching themselves.
And too many choose to help themselves.
So the tax cuts that will be used to then reduce public services that help all of us are a double whammy. They help the rich AND create a situation that will be used to take services AWAY from the majority of people who need the help.
We don’t need to be economists – we can see this play out right before our eyes.
So Thank you for demonstrating the case against your policies better than we could.
And now excuse us as we fight like hell to stop you from doing this harm to our country and our fellow Americans – you know, that ‘We, the People’ you are SUPPOSED to be representing?