DONALD J. TRUMP: A PHONY, PLUTOCRATIC PRESIDENT!

…A true caricature of our president

 

Trump’s right, the system is rigged, but it’s for the likes of Trump!

 

Well, the only thing that the Republicans have done by passing their ridiculous tax plan last week, was that they have guaranteed that the American political system is rigged for the richest insiders.

 

And, just who are those insiders?

 

That group includes the politicians looking out for themselves and the K Street lobbyists.  You know, those who know how to develop those congressional loopholes in bills that allow the rich to become even richer, and it’s all at the expense to the middle-class.

As of the passing of this so called “plan”, the richest Americans are not only paying nothing, they will receive 86% of the benefits from the bill.  When you are making $200 million a year and paying very low taxes, it’s not only not fair, it tells all Americans that the middle class is being absolutely destroyed. If this continues, this country won’t even have a middle class, so this madness has got to end.  But with Trump in the White House, can it be stopped?

 

If you will recall, the words that rolled off of campaigner Trump’s tongue were the he was going to go after hedge-fund managers and to force billionaires to pay their fair share of taxes.  Oh, and that Hillary was the one that was too close to Wall Street…….RIGHT!  Well, we all now know how far those words haven’t gone.

 

Trump has totally made fools out of those Midwestern voters who wanted their reality TV star to go after the Washington swamp and New York elites.  Trump is one of the elites, and he's adding to the swamp.

 

Because of Trump and the GOP’s new tax bill, if you’re a billionaire with your own company and are happy using your private jet to commute from a low-tax state, the new tax plan is a godsend.  Private equity and real estate executives, as is well documented in the new plan, will make out like bandits.

 

Just look at what the bandit-bank Wells Fargo is doing.

 

Wells Fargo has announced that they will be giving all their employees a $1000 bonus.  That will cost them $100,000,000, but that’s a tiny fraction of what they will take in from the benefits of the new tax cuts to banks and corporations.  And those cuts are permanent.  They will not terminate as will the miniscule tax cuts for the middle class after ten years.

That W.F. hundred million dollars is also buying the Trump administration and Wells Fargo a pot load of positive national public relations for the ridiculous plan.

 

The rich insider politicians that Trump had beat on his way to the White House will be the ones getting that 80+ percent of the benefits of the new tax plan by the end of a decade.  But the middle-class small business owners who are already dealing with increasing medical bills and student debt, and/or high state and local taxes (like California and New York), they will face the greatest burden.  However, of course, President Trump and his family will be walking away with a windfall that could reach hundreds of millions of dollars.

 

Because of an item in the bill that was added at the last minute, (And an item that wasn’t in either the House or the Senate bill), that item will allow the Trump family to rake in a fortune from “pass-through” deductions, estate tax giveaways and top-rate tax reductions.

 

For this president that is already receiving accusations that he is personally profiting off of the presidency, such a massive giveaway to real estate executives like himself, that only adds to the stench of self-dealing that is: all things Trump.  Like those plutocrats and autocrats in Russia, the 45th American president has perfected the “Art of the Self-Deal”.

 

And the GOP isn’t looking any better than is Trump!

Trump’s Republican Party definitely looks no better, nor will it when an economic reckoning finally comes to pass in a bankrupt America. There will be no justification for having thrown on an additional $1.5 trillion to our existing $20 trillion debt.  And this is at a time when unemployment is low, consumer confidence is high and Wall Street is setting records day by day.

 

It should be painfully obvious to a first-year economics student that there is no rational reason to pass massive tax breaks for billionaires when the economy is humming along just fine. The only justification can be that it’s political. Republican lawmakers have been desperate for trying to reward their same wealthy political donors whom candidate Trump bashed during the 2016 primary process.

 

Trump was right to say then that the political system is rigged for the richest of Americans. Unfortunately, it is now Trump’s working-class supporters who will pay the highest price for believing any promise that tumbled out of the mouth of this phony plutocratic populist.

 

As Forrest Gump said: “Stupid is as stupid does,” and it was very stupid to elect a dofus like Donald Trump.

 

Copyright G.Ater  2017