"If the tax cut passes, it will constitute the largest heist in human history. This is daylight robbery by the super-rich against the rest of society: homeowners, students, the middle class, the young, the poor, indeed everybody who doesn’t own a significant stock portfolio. . ."
Well, it did pass two years ago now.
Opportunity Zones
". . . The robbery is nearly complete, with just a few more votes needed in the Republican-led Congress. The perpetrators will use corporate media to keep the public distracted. Their well-funded campaign will flood the mass media to assure Americans that up is down, black is white, and that gifts to the super-rich mark a giant stride for workers.
From The Boston Globe/opinion/2017/11/17By Jeffrey Sacks
Jeffrey D. Sachs is university professor and director of the Center for Sustainable Development at Columbia University, and author of “The Age of Sustainable Development.”
__________________________________________________________________________The most recent data by the bipartisan Joint Tax Committee suggest that in 2019 the tax cut proposed by the Republican House leaders would cut federal taxes by $192 billion. The top 1 percent of taxpayers, with incomes of around $500,000 and above, would pocket around 28 percent of the overall tax cut. The richest 6 percent of taxpayers, with incomes of around $200,000 and above, would pocket 56 percent of the total tax cut.
