The Triumph of the Oligarchs

[workinclasszero]

The Triumph of the Oligarchs
ROBERT REICH, SUNDAY, DECEMBER 17, 2017

The Republican tax plan to be voted on this week is likely to pass.

By passing it, Republican donors will save billions – paying a lower top tax rate, doubling the amount their heirs can receive tax-free, and treating themselves as “pass-through” businesses able to deduct 20 percent of their income (effectively allowing Trump to cut his tax rate in half, if and when he pays taxes).

They’ll make billions more as their stock portfolios soar because corporate taxes are slashed.

The biggest winners by far will be American oligarchs such as the Koch brothers; Peter Thiel, the Silicon Valley investor; Sheldon Adelson, the Las Vegas casino magnate; Woody Johnson, owner of the New York Jets football team and heir to the Johnson & Johnson fortune; and Carl Icahn, the activist investor.

http://robertreich.org/

[underthematrix]

1. I don't believe the TOP tax scam will pass