As Republicans roll out the details of their disastrous tax plan, it is not a bad time to take a step back, tune out the media hype , and contemplate what is really going on in our democracy.
Since the 1700’s, America has led the world in the development of democratic processes and institutions. It is hard to admit that something has gone terribly, terribly wrong. And yet it has.
For one thing, we elected Donald Trump President of the United States.
But, in our view, that is just a symptom of a much larger malaise. The economy is in long-term decline and our government no longer works for the benefit of most Americans.
For decades after WW II, the American middle class was the envy of the world. Today, that same middle class is struggling just to make ends meet. Wages are stagnant; the level of income inequality is extreme.
Donald Trump tapped into this angst to get elected; Democrats, sadly, were oblivious to the struggles of the very people they were supposed to represent.
The tax debate currently taking place in the United States illustrates a big part of the problem – our political system has been hijacked by big money interests proposing to do just the opposite of what is actually needed.
Slashing taxes on the wealthy and major corporations, as Republicans have proposed, will almost certainly exacerbate income inequality and force cuts in services that primarily benefit the poor and middle class.
Many wealthy individuals, who rely primarily on capital gains and income from assets, already pay less as a percentage of their income than people who work for a living. That is not fair. It is almost certainly the reason Donald Trump will not release his tax returns.
Out tax system is already regressive. Let’s not make it even worse. Better yet, let’s fix it so the wealthy actually pay their fair share.
You don’t have to be a big-shot Ivy League economist to know that the American middle class has historically been the engine of economic growth in the U.S. Yet under Republican proposals, by targeting additional tax breaks to the rich, the economy is more likely to shrink further, not grow.
Are you listening Democrats? Will you take a stand up against the big money interests, oppose so-called Republican “tax reform” in all its nefarious forms, not get drawn in when Republicans throw you a bone like keeping deductions for state and local taxes, and finally do what is right for the American economy and its beleaguered middle class?
Let’s help fix our democracy by making damn sure this latest incarnation of tax cuts for the wealthy is consigned to the dust bin of history where it belongs.