Paul Krugman's latest is yet another noodle-lashing of those nasty Republicans and their foul donor class whose added tax cuts won't put the slightest dent into their pre-existing conditions of meanness and misery.
wealthy donors for whom the G.O.P. will apparently do anything, up to
and including covering up for possible treason, will get no joy from
their tax cuts.
My published response:
don’t mean that history will judge them harshly, although it will. I
don’t even mean that plutocrats as well as plebeians will eventually
suffer if America becomes a lawless, authoritarian regime. I mean that a
few hundred thousand dollars extra will do little if anything to make
the already wealthy more satisfied with their lives.
might well ask, who cares? Even if tax cuts would make the rich joyful,
this shouldn’t count against the sheer misery Republicans are trying to
impose on the tens of millions of people they’re trying to deprive of
health care, food stamps, disability benefits and more.
for some reason I find it fascinating that all this misery, plus the
possible destruction of constitutional government, may happen without
even making the intended beneficiaries happy.
Making this all about the feral GOP donor class lets the "good rich"
off the hook. It isn't a matter of Republicans vs Democrats. It's a
matter of the rich versus the rest of us. And it's bipartisan. Why else
are "centrist" Democrats, like Wall Street mogul Steve Rattner, so
rabidly against Medicare for All?
As Gilens and Page established
in their study of affluence and political influence, even most wealthy
Democratic donors are against increased spending for public education
and higher taxes to pay for true universal health care. As a result,
more often than not, the beholden Congress does the exact opposite of
what the voters want and need.
And as Forbes's latest annual wealth list reveals, the 400 richest US billionaires now own as much
wealth as the bottom 60% of the population combined. This obscene
inequality is making even the ultra-rich so nervous that one UBS banker suggested a "cure" of more public exhibits of plutocratic art, and more
investment in sports teams. This noblesse oblige would not, however,
extend to actual free admission for the public. Even the despots of the
crumbling Roman Empire let their citizens watch the gladiators get
killed for free.
So Trump isn't the only clueless tycoon who thinks that his dollars are
equivalent to IQ points. Even if he were kicked out tomorrow, there's
plenty more where he came from.
It's total war. It's 400
plutocrats' combined net worth of $2.68 trillion against the rest of us.
It's the antithesis of democracy.