Well, the Senate passed the tax overhaul bill. So what, right? This is good for ‘merica, right? No. It’s absolutely not. In short, we’ve been flimflammed.
Now if we define Class Conflict as “the tension or antagonism which exists in society due to competing socioeconomic interests and desires between people of different classes” and define Genocide as “the deliberate and systematic destruction of a racial, political, or cultural group” the jump from Class Warfare to Class Genocide is the distance between boxes in hopscotch.
It’s the type of class warfare that billionaire investor Warren Buffett (you know, the really rich guy) had in mind when he said, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
To be fair to the new tax bill, all analysis indicates that most families will receive a slight tax cut in 2018, but as time goes on, it disappears. Most independent analysis indicates that by “2019, a person in the bottom 10 percent gets a $50 tax cut and a person in the top 1 percent gets a $34,000 tax cut.” Huh? That’s pretty dramatic for a year.
And over time, the tax cut fucking disappears! Most of the tax cuts for the middle-class are set to expire after 2025 and by 2027 “…two-thirds of middle-class households would get a tax increase in 2027, and none — zero percent — would get a tax cut.”
But what the fuck, right? We get a tax break next year, who gives a shit about the poor or what happens ten years from now, right?
Score one for instant gratification and class genocide.
I should note, I don’t have kids. Sure, I treat Lulu and Rufus as children, but I don’t get a tax credit for them like my procreative brethren. Not that I am begrudging folks who have kids, I’m not. Kids are fine and all but it’s just not my thing. I mean this with genuine sincerity, big ups to you all for choosing to bring children into this world.
But, I mean, what a cluster fuck.
Consider some irony. This new tax bill will add an estimated one trillion dollars to the national deficit (that’s trillion, with a t) and unless I read it wrong, this is not making the deficit one trillion, it’s INCREASING it by one trillion dollars. According to the Treasury Department, the deficit for 2017 was $666 billion dollars (Jesus, that’s an ominous number).
Even despite the fiscal cuts that will result from attempting to pay for this catastrophe (which will almost certainly impact low-income Americans, older Americans and the education of Americans) it won’t be enough to pay for the aforementioned cluster fuck.
So, we get a tax break in 2018 and those with children (but not cat and dog children) get a nice bump “The Senate GOP bill increases the child tax credit to $2,000 per child, up from $1,000 today…” but in the long-term, the pending monolithic deficit will be left to your children, the next generation…and the next…and the next…and the next (unless you’re wealthy, and then your offspring will get a bevy of additional tax cuts).
I suppose it is a good thing the child tax credit is going up. If I were a financial advisor or parent (I’m neither, clearly) I’d set the savings aside because the estate you leave your kids will need it to help them pay for this mess (unless you’re wealthy of course, and then again your offspring will get a host of additional tax cuts).
As a further point of irony, the one thing that shared bi-partisanship support in 2015, was that 65% of Americans (regardless of party affiliation) believed that income inequality, also known as the gap between rich and poor, was increasing and needed to be addressed. Two years make a big difference because, as VOX points out, “The clear story of the Republican tax plan is that it takes the wheel of America’s already-dramatic income inequality and presses the accelerator.”
Not surprisingly, given the orange monster in the White House (and epically failed business man), the centerpiece of this legislative abortion is the corporate tax cut. Set to decrease from 35% to 20%. Well, this change is “estimated to reduce federal revenues by $1.5 trillion over the next decade“. There’s a trillion, with a t, again.
Now there are those that will make the argument that this corporate tax break and inevitable savings will stimulate innovation and job growth. Those people will refer to it as “trickle down economics” or utter the inane platitude “a rising tide lifts all boats” and those people will be wrong. It’s just bullshit, plain and simple. All “data from the past 50 years strongly refutes any arguments that cutting taxes for the richest Americans will improve the economic standing of the lower and middle classes or the nation as a whole.”
Cutting corporate taxes and giving tax breaks to the wealthy simply does. not. work. The corporate savings generated by this new tax slashing will only go to line the pockets of the people who need it least. But you, and seemingly everyone outside of Washington D.C., knows this! If we know it, why do we not believe it? Why do people, of all income and intelligence levels, still believe that an economic idea, that has been a documented failure since its inception, will somehow now work?
I’ll only ask you to consider this from economics professors Emmanuel Saez and Gabriel Zucman:
“Since 1980…the share of national income going to the top 1 percent has doubled from 10 percent to more than 20 percent, while income accrued by the bottom 50 percent has been almost halved, from 20 percent to 12.5 percent. There has been no growth at all in the average pretax income of the bottom half of the population over the past 40 years—during which trickle-down enthusiasts promised just the opposite. Now they’re doing it again.”
You can choose to read this as the prattling of some left leaning, disenfranchised lunatic, but you would be wrong (left, yes, disenfranchised, not so much, lunatic, maybe). You can choose to click on or not click on any of the links to refute whatever is being jammed down your throat by your media outlet of choice. And yes, this is America (for now anyway) and you can still choose to sit back and say this tax overhaul will benefit the majority of Americans while ignoring ALL data that points to exactly the opposite. You can certainly do those things.
But make no mistake, this new tax plan is class genocide. Despite what you’re being told, this tax overhaul is a very clear and deliberate effort to eradicate a cultural group, the middle-class. It is designed to further stratify all of the classes until we are left with two, the rich and everyone else.
Maybe there is some respite to be found in knowing that people will only tolerate being subjugated for so long before they rise up. That is not a left or right thing, that’s a history thing. That’s a revolution thing. And it’s inevitable on our current trajectory.
So, in fifty years time (definitely longer, but you get the point), when America is set up like some sort of post-apocalyptic Elysium society and the country looks like some cross between Mad Max or Waterworld, those of you reading this will be dead, so WTF? Right? We shouldn’t care about it now, right?
Do we ignore all of the obvious signs and do nothing like we’ve done for every genocide in the past 100 years? Armenia, the Holocaust, Cambodia, Rwanda, Bosnia, Darfur and now the American Middle Class?
Maybe we ignore it.
Maybe we don’t.