by B. R. GOWANI
“President Donald Trump displays his signature after signing the $1.5 trillion tax cut bill, stacked on his desk, in the Oval Office on Friday prior to his departure to Mar-a-Lago, Florida for the holidays.” PHOTO/Mike Theiler/UPI
Trump announced to his friends and customers at Mar-a-Lago
(the ultra rich who pay $200,000 admission fee and $14,000 annual dues)
how come?
lots of tax cuts
(Mar-a-Lago, the Winter White House, was itself bought unethically)
Trump had proclaimed gleefully:
“Corporations are literally going wild over this, I think even beyond my expectations.”
the corporate tax was reduced from 35% to 21%
previously, as he often does, he had lied:
“My accountant called me and said
‘You’re going to get killed in this bill.’”
and he used the above lie to lie again:
“The deal is so bad for rich people,
I had to throw in the estate tax
just to give them something.”
this second lie was to increase the wealth of the ultra-rich
with estates over $11 million
this tax cut will increase inequality immensely
it will also shoot the deficit up dramatically
deficit will surge by $1.5 trillion
and the tax cuts won’t improve the economy
another of Donald Trump’s lies
Trump’s friends are very happy
but his rich foes – liberals and conservatives –
must be gloating in a sea of happiness
none of these who oppose Trump vehemently
came out on the streets to protest against the open loot
it’s class affinity, capitalism comes first
B. R. Gowani can be reached at brgowani@hotmail.com