Living in the Trump Zone - Paul Krugman
Fans of old TV series may remember a classic “Twilight Zone” episode titled “It’s a Good Life.” It featured a small town terrorized by a 6-year-old who for some reason had monstrous superpowers, coupled with complete emotional immaturity. Everyone lived in constant fear, made worse by the need to pretend that everything was fine. After all, any hint of discontent could bring terrible retribution.
And now you know what it must be like working in the Trump administration. Actually, it feels a bit like that just living in Trump’s America.
What set me off on this chain of association? The answer may surprise you; it was the tax “plan” the administration released on Wednesday.
The reason I use scare quotes here is that the single-page document the White House circulated this week bore no resemblance to what people normally mean when they talk about a tax plan. True, a few tax rates were mentioned — but nothing was said about the income thresholds at which these rates apply.
Meanwhile, the document said something about eliminating tax breaks, but didn’t say which. For example, would the tax exemption for 401(k) retirement accounts be preserved? The answer, according to the White House, was yes, or maybe no, or then again yes, depending on whom you asked and when you asked.
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https://www.nytimes.com/2017/04/28/opinion/living-in-the-trump-zone.html?emc=edit_th_20170428&nl=todaysheadlines&nlid=57435284
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is just the same old Republican canard of trickle-down economics, aka voo-doo economics. Republicans keep dragging out this tired old BS and presenting us with a smile on their arrogant faces amidst big big promises of how wonderfully tax cuts for millionaires will stimulate the economy and create zillions and zillions of good jobs.
