If even the Democratic Party can’t raise Taxes on the Super-Rich, is the US even a Democracy Any More?

Income disparity in the US has never been greater and history tells us nations fall apart when that disparity grows. Let’s face it even Trump doesn’t believe he’s rich enough and is happy to brag about not paying taxes. He’s able to mobilize those feeling they have been and are being replaced in today’s America. Turning class war into culture war and missing the point altogether. The greatest danger to America is from the neo-fascists within and not from anyone outside its borders.

Most immediately apparent is the disproportion between the modesty of the reform proposal and the intense hostility it has evoked. Changes in the top marginal income tax bracket would only bring the tax code back to pre 2017 levels, and the surtax on incomes above 5 million will hardly dent the regressivity of the tax code. Nonetheless, from the reaction one would think a Warren/Sanders coup was about to confiscate all wealth.

Source: If even the Democratic Party can’t raise Taxes on the Super-Rich, is the US even a Democracy Any More?

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