Tax burden

From Tailspin, The People and Forces Behind America’s Fifty-Year Fall–and Those Fighting to Reverse It by Steven Brill published in 2018. If you listen to GOP politicians, you’d think that America is the mostly heavily taxed nation in the world. UNTRUE. Adding Federal, state and local taxes together and taking the total as a percentage of gross domestic product, America ranks 32nd on a list of 35 industrialized nations, ranking them on tax burden from heaviest (number 1) to lightest (number 35). Only three nations, Ireland, Chile and Mexico, have lighter tax burdens than we Americans do.

The problem, as I see it, is not that our tax burden is too high. The problem is that our incomes are too low. Starting about 40 years ago, wages have stagnated for most of us, with most income gains going to the 1%. And it is the 1% who want lower taxes, being unwilling to pay their fair share for government services. They, the 1%, can afford to purchase privately what government formerly was expected to provide for all citizens. The 1% no longer feel the need to share with other Americans. And they expect the majority to man our military and police forces to protect the lives and property of the 1%.

Trump must go

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Poverty in the US

This article on poverty is an excellent read. Poverty is the absence of sufficient money to live a comfortable and dignified existence. How do we eliminate poverty in the US? Our government must guarantee a minimum income for all Americans, and tax corporations and the 1% enough to supply that minimum.

Trump must go

Recent GOP tax cuts

The recent GOP tax cuts were supposed to stimulate the economy. They did not. Rather companies used the proceeds to buy back stock, increasing stockholder wealth and executive bonuses. To stimulate the economy, the tax cuts should have gone to the poor and the middle class, so that demand for goods and services increased. That is how to stimulate the economy for the good of the majority of US citizens.

Trump must go

Smoot-Hawley Tariff

Named for US Senator Reed Smoot and Representative Willis C. Hawley, the Smoot-Hawlet Tariff Act was signed into law on June 17, 1930 by President Herbert Hoover. Some claim that Smoot-Hawley caused the Great Depression and others say that it prolonged it. Republicans generally claim that FDR prolonged the Great Depression by his actions that tried to provide relief for those suffering the effects of the Great Depression. I wasn’t there and I have not studied the period in any detail. However, those who don’t learn from history are doomed to repeat it. Certainly Donald Trump knows nothing about the Great Depression and his tariffs threaten a repeat.

In an interesting, to me, coincidence, Smoot and Hawley both lost in the 1932 election. Both died in 1941 within months of each other. Smoot was 2 years the elder. Smoot was number 3 to lead the Mormon church at the time of his death.

Trump must go