Rich people avoiding trillions in taxation: 🤷🏻♂️ meh
Someone using food stamps to buy lobster: 😡🤬
A proposal under consideration at the Treasury Department would bypass Congress and use federal regulation to index capital gains for inflation, a $100 billion boost for high earners.
“Mexico’s Could-Be President Is a Lot Like Trump,” warns the Washington Post. In the late 1970s, Andres Manuel López Obrador was “taking on Mexico’s state-run oil company,” while Trump was busy settling a lawsuit with the US Justice Department that accused his company of refusing to rent “because of race and color.”
López Obrador says that, if elected, he will explore the possibility of granting amnesty to those involved in Mexico’s bloody drug war. Trump’s Attorney General Jeff Sessions directed federal prosecutors to “pursue the most severe penalties possible, including mandatory minimum sentences.”
As mayor of Mexico City, López Obrador subsidized subway fares and gave stipends to senior citizens and single mothers. As president, Trump and his allies in Congress doled out “close to $5 trillion in tax cuts almost exclusively for the wealthy.”
The resemblance is uncanny!
The extreme center refuses to acknowledge even the most elementary distinctions between those who depart from the reigning consensus.
America’s working class is falling further behind.
Most rich people don’t work for their income. They get money from dividends, capital gains, and other unearned income. You pay more in taxes for actually working than they do sitting on their asses collecting checks from their stock holdings.