I want to get into some of the issues that we understand and misunderstand about taxes, money, wealth, and how the very, very morbidly rich in the United States have seized not only virtually complete economic power in this country but also virtually complete political power.
The countries of the world that have the most stable economies and that suffer from the smallest boom and bust cycles are the countries with the highest tax rates on the very, very wealthy. The reason for that is that the government is functioning essentially as a stabilizer, so capitalist economies, there's just a fundamental truth about them.
I've got a question for you. I find this absolutely fascinating.
The tax bill is all about cutting income to the federal government and over a 10-year period the top one percent are going to gain five trillion dollars. The bottom 99 percent are going to lose three and a half trillion dollars. And the remaining one and a half trillion dollars will be added to the national debt.
"Ajit Pai is going to lose", wrote Evan Greer over at Fight for the Future just before the FCC voted to gut net neutrality...
Even the usually restrained Barack Obama warns Americans we're slipping dangerously close to authoritarianism.
Yesterday was Break the Internet Day and a bunch of organizations all over the place are talking about the whole internet situation.
John Gray in his article from 2004 or earlier, "A Day in the Life of Joe Republican", explains eloquently the attitude of conservatives towards protecting the people from the greed of big corporations.
Jake Johnson reports on Common Dreams, "Study Shows Corporate Cable Networks Largely Ignoring FCC Plan to Kill Net Neutrality".
Let me just give you some names.
The House Speaker Paul Ryan, the Republican, and Nancy Pelosi get to appoint conferees, people who are going to be on the conference committee for the Republican tax scam.
Can the President be convicted of high crimes and misdemeanors while sitting in office? If Mueller finds something, will Republicans call for impeachment?
There are some folks who say, well, this is all brand new, right? This Republican tax scam and all this kind of stuff.