Tax Bill Just Opened A New Front In The Class War
The current economic status quo—with stock markets soaring while wages remain flat and inequality widens—is both unstable and unsustainable. The coming shock will only accelerate these trends in order to benefit the wealthy, and it’s being delivered in the form of tax “reform” by a Republican Party dead set on pleasing its donor class while hanging working people out to dry.
As many economists have pointed out, at its core, the GOP’s tax bill represents a massive transfer of wealth from the bottom of society up to the top. The rich will benefit enormously, while half of all taxpayers will actually see their taxes increase over the next ten years.