People, Personas, and Politics 40 – Trump and Rich People
Author(s): Scott Douglas Jacobsen and Rick Rosner
Publication (Outlet/Website): People, Personas, and Politics
Publication Date (yyyy/mm/dd): 2017/06/22
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Rick Rosner: One cliche is, “What is it with airline food?” Now Twitter is mostly focused on observations the country in trump’s era like “Trump sucks” or “Trump is dangerous” or “Trump through incompetence and foreign policy aggression is trying to improve his approval ratings, and this may lead us into war>’
Or that “in every possible area of politics, Trump is doing exactly the thing that people don’t want him to do such as reversing federal policy, reversing everything that Obama did including setting aside federal land as land for parks, environmental protection.”
Saying he was coming out with a tax plan, but the tax plan not really being a plan since it contained few specifics and it was only 250 words long, and is thoroughly a gift to the super rich, including probably himself.
Doing away with what Republicans like to call “the Death tax,” but it has less inflammatorily been called “the estate Tax.” Right now, you’re allowed to pass on $4.9 million to your heirs when you die, or if the passing on of assets of you as a married couple.
If you structured your family trust right, you can pass your heirs $10.9 million tax free. For Trump and Republicans, that is not enough. The Death Tax should be eliminated, and you should be able to pass on an unlimited amount of money without passing your heirs any of that money.
Only the super rich have that money to pass on. So, people like him. Those with the tens and hundreds of millions, and even into the billions – and he gave other gifts to the rich including a low ceiling on taxes on capital gains made through stocks and bonds, which are primarily owned by rich people.
All of this with the idea of the trickle down.
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