True. I’m really talking about Coastal Elites characterised as being the “wrong” kind of 1%er by right-wing populists. Whatever more that they have to pay in taxes on their second or third homes will be more than offset by the goodies given to real estate developers (and, by extension, to their investors) – same benefit the Real American™ conservative wealthy people will get.
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You are correct on the points about the Democratic party, its pretty much what Thomas Frank points out, this slide to the center and away from the traditional working class roots - which by the way has been happening all over hence the populism. Didn’t Bill Clinton say “where are they going to go?” but unfortunately many of them (the older atavists) have been going to Trump, the younger ones though the millennials not so much.
And quite frankly they’re are really screwed lately so in the next 20 years or so the boomers are going to die and more milennials will be voting. I believe that there are some elements of the democratic party that are working on change - and it may not be Bernie because I think he’s too old, but maybe someone else.
(say someone like Mark Dayton of Minnesota who can point to a successful economic record, with progressive taxes, higher minimum wage, equal pay for women etc.)
This talk by Mark Blyth is well worth listening to but here it is at the 40min mark where he suggests some solutions. how to stop populism
That’s interesting. Moving to the center only makes sense if there is no flow between the two extremes, but anti-establishment populism in both sides may be so close to each other that the political spectrum then becomes a circle, instead of being linear.
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The big impact of the tax change is that it will crash the economy. Based on previous examples, it won’t take long; much sooner than the next presidential election. Add in cuts to social security, medicare, etc. to pay for it, and it will be painfully obvious what happened and why. So it should definitely not be about who is paying more or less in taxes. It should be about Republicans crashing the economy - again, less than a decade after the last time.
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The question you should be asking is weither it will harm the Wealthy in the short term; especially the Oil Industry that relied on the Tax cut for Survival.
Why the hell would I give a shit about them? Democrats don’t have their votes or support, so why would they pander to the wealthy or oil barons?
I’m asking because if it doesn’t affect them like what happen in the Great Depression, then we’re doomed to Economic Cannibalism.
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This is an example of the real trickle down that we are going to see over the next months:
Were those tax cuts for the rich not supposed to pay for themselves?
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