In the age of billionaires running our country, I worry about their decisions affecting the rest of us. Given a choice between costing them a chunk of money or doing what is best for our country; which will they choose?
In their businesses, they would not want to intentionally lose money each year. They why are they looking to cut corporate and individual taxes to the point of increasing the National Deficit over $150 billion each year? If the most optimistic deficit for this year is over $700 billion without changes, why do the billionaires what to make it close to a trillion? It is already $20 trillion.
These are the same people who have been criticizing the last two administrations for the increasing debt. These tax cuts put money in their packets so its okay.
They tell us the cuts are good for us because it puts more money into reinvestment. These are the same people who have sent jobs and investments out of the country to put more money in their pockets.
Warren Buffet has said he is able to pay a smaller percentage of his income that his secretary. Trump hides his income tax statements, but most of the other Republican and Democratic nominees and Presidents pay in the mid-teens. Why cut their taxes from 35% when they pay half that now. They bought the voters to get the deductions so cutting the rates will mean they may end up paying little or no taxes.
There are some billionaires that I think care about the people than their pockets but they aren’t in government. I haven’t seen any of those billionaires in the cabinet donating any big money to help the people; they donate to super pacs that try to take over the government. Looks like their money was well spent.