“This Will Be Unavoidable” | Stephanie Pomboy
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5 Comments
So we’re basically screwed.
In the past 262 days the Trump Crime Family have stuffed over $5,000,000,000 in their pockets. That's more than all the poor Americans have made COMBINED!
Why is the US Debt so large? Look at the data. Starting with Reagan, who put the ‘first trillion’ on the Debt, every Republican Tax Cut favored the wealthy. I guess that’s you Steph? And every tax cut created a short fall of Revenue, so they “charged it” on the US Debt to make up for the difference.
This happened over and over. I emphasize, every tax cut favored the wealthy. The Republicans literally “financed” the wealthy with Debt. Look at the Data: as the rich became richer and richer, the Debt grew and grew. Two extraordinary events added to the Debt: the 2008-2009 financial crisis; and the COVID black swan event. Bill Clinton managed to Raise Taxes on the wealthy, and as a result there were several years of black ink, and eight years of tremendous growth. So the Gordian Knot can be unraveled.
As of 2024: the Top 1% hold ‘30.8%’ of wealth ($49.2 Trillion); the Bottom 50% hold ‘2.8%’ of wealth. Of course the National Debt is “only” $37 Trillion.
Sheldon would be proud of your Star Trek analogy 😅
Give me a break! This administration has no intention of helping average working people – they lied to get elected, offer crumbs like “no tax on tips”, all while setting up million dollar corrupt no-bid contracts, a crypto company owned by the presidents family, and enabling all sorts of insider trading and grift to further enrich themselves and the 1% at the expense of the rest of us.