Tax Reform Under Trump 2017


#1931

I also think revolt will be difficult. Sheer numbers won’t do it. And the wealthy elite will have all kinds of tools at their disposal to attack the source of the revolt.


#1932

Yes, people like Carnegie turned to philanthropy, but I’d argue that it was enlightened self-interest (and sincere moral outrage at the living conditions of the urban working class) among the very small middle class of the first couple of decades of the 20th Century, combined with pressure from the labor movement, that gave us things like a two day weekend, workers comp, unemployment benefits, anti child-labor laws, etc.*
Those middle class people had much more day to day contact with the 90 percent who were just scraping by, and knew they were sitting on a powderkeg, and that if the poop hit the ventilator, they’d be a much more accessible target than the Vanderbilts and Rockefellers, who had or could readily afford private security.

*which the New Deal built on later.


#1933

It’s gonna be crazy weird to have the Democrats be the party arguing about how deficits are gonna fuck us over.


#1934

How weird can it be? It’s been the case for 20 years, and arguably since Carter.


#1935

Nah, if you look back on these very forums, you had most of the left wing folks saying how the deficit doesn’t matter at all.

It’s true that the GOP doesn’t actually care about the deficit, but they were normally the ones SAYING that they cared about it.


#1936

Yep, but “the rich are stealing from your kids and their kids” might resonate.


#1937

I’ve argued that the idea of needing to balance the budget every year, or even most years, is silly, not that deficits don’t matter at all. The annual deficit is only too large when it causes general inflation of more than a couple of percentage points a year (most economists consider a bit of inflation a good thing). Also, it greatly depends on how the deficit happens, and what the excess spending (or foregone tax revenue in this case) is going toward whether it’s good or not (even assuming it’s within the “not causing excessive inflation” limits). In the current case, exacerbating inequality and asset price bubbles is Not Good.


#1938

In 1984 no one revolted. Everyone who even thought about it was broken completely and utterly.

I’d argue for 1984 because Trump and the GOP seem to be using it as a handbook on how to do things. Brave New World is in there for the reasons you mention though. The worst of both worlds in some ways, though we aren’t being taken away from Wrongthink. Yet.


#1939

Not until Trump’s third term. Or perhaps Ivanka’s first.


#1940

I mean if Trump could get away with it, he’d do it. He’s said as much probably a hundred times.


#1941

If only we’d sit up at attention when he speaks, like that dictator guy who has soooo much power. So jealous.


#1942

Aaand here we go, as night follows day:

House GOP plan would cut Medicare, Social Security to balance budget

That didn’t take long.


#1943

Well that’s just shocking. Fucking assholes. Fuck all of you that voted Republican.


#1944

Yep.

Here’s another article on this.


#1945

I was wondering when this will come up - knew it had to be coming sooner or later.


#1946

I guess the GOP doesn’t care about the next election cycle.


#1947

Havent they done this for the last bunch of years? Some poor sap who needs some conservative bonafides puts out a ridiculous budget that is used as a sacrificial lamb. It has no hope of becoming real, but it establishes a far right baseline as they start negotiations with Dems.

There will be no major change to entitlements in a midterm year.


#1948

Is such a change plausible after the election, assuming the blue wave happens, in the remaining months of this congress?


#1949

No way in hell with Dems controlling the House.


#1950

Keep the goverment out of my medicare!

Yeah, that’ll play well in november. Has to be about setting those goalposts so far into crazyland that they can get concessions prior to the elections. Or a last ditch effort to actually kill off their base before then, while they have three branches for the last time in hopefully forever.