GOP Tax Cut Bill a Wealth Transfer Scheme and More

Read more on this subject: TAXES: Federal
Feature Article by Stephen Lendman
GOP Tax Cut Bill a Wealth Transfer Scheme and More

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

House and Senate bills aren't traditional tax cuts. A colossal heist best describes them.

Their aim is twofold: transferring maximum wealth from ordinary Americans to corporate predators and super-rich ones, along with slashing Medicare, Medicaid, eventually Social Security and other vital programs on the phony pretext of needing money to pay for the heist – social justice on the chopping block for slow-motion elimination.

It's a longtime GOP goal, neoliberal Dems like the Clintons supporting what they won't publicly acknowledge. Both right wings of US duopoly governance support wealth, power and privilege exclusively.

Paul Craig Roberts blasted the GOP scheme, saying its "purpose is to raise equity prices by providing equity owners with more capital gains and dividends."

It makes them richer at the expense o
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