In the not-so-distant past, vampires and zombies were fixtures of American pop culture, a night on the couch with “The Walking Dead” or the “Twilight” franchise. But in the age of Donald Trump, these creatures have moved from our screens to a much more terrifying home: Congress. Paul Krugman has written before about zombie policies like…
Without passing the GOP health care bill there can be no tax cuts for the rich.
Globally, 18 million households control more than $1 million in wealth.
They represent 1% of the world’s population and 45% of the world’s $166.5 trillion in wealth.
In the United States the share of income going to the top 1% has more than doubled since 1982 when Ronald Reagan’s war on the middle class began.
Reagan’s “trickle-down” economics reversed a trend, begun after WWII, which equalized wealth accumulation in the US by using a progressive taxation system.
By 2021, 63% of US wealth will be in the hands of the top 1%. (Boston Consulting Group report, vie Bloomberg.)
Now Trump and the Republicans want to accelerate that pace by cutting $880 billion dollars from our health care system and giving it to the top 1% in the form of tax cuts.