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Trump Timeline ... Trumpocalypse
- Thread starter CdnGuy
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Defunding the Republican Party may even force it to start focusing on the needs of regular people rather than just billionaires and corporations, which only adds to the urgency of the job. There are just a few steps through the process, which include:
- End "Red State Welfare." Kentucky gets $2.41 for every dollar they send to Washington, D.C. Most other red states are similarly "taker" states, so let's fight for a law limiting states to no more than, say, $1.50 for every buck they sent to D.C. in tax revenues. Call it welfare reform!
- End corporate welfare that gets recycled to GOP politicians. This includes $700 billion a year to fossil fuel companies, and nearly $1 trillion a year we give to Big Pharma, as well as support for insurance companies (like subsidies for the "Medicare Advantage" scam) and "Big Ag."
- End corporate monopolies. Break up giant corporations and make America safe again for small businesses while rejuvenating local economies. From airlines to tech to banking and retail, https://www.amazon.com/Hidden-History-Monopolies-Business-Destroyed/dp/1523087730/ (giant monopolies rip off working-class Americans) and use some of that money to fund the GOP.
- Bring back Eisenhower's 91 percent top tax rate, or at least something north of 50 percent. America's strongest economy was during the 30 years from 1950 to 1980, with a top tax rate of 91 percent to 74 percent. Progressive taxation on the super-wealthy was openly supported by Republican presidents like Eisenhower, Nixon, and Ford. With that tax revenue, we built highways, schools and hospitals, and put men on the moon, while the best way CEOs could avoid the tax was to use the money to pay their workers better wages. Reagan cut that top rate to less than 30 percent, and the billionaires it produced now pour money into the GOP to keep it that way.
- Follow Europe's example and impose a wealth tax on great fortunes. Average Americans pay a wealth tax every year—the property tax on their largest store of wealth, their homes. Billionaires should pay a similar annual tax on their money bins.
- End campaign contributions from corporations, end super PACs, and limit billionaires' ability to skew our politics with their money. We did this in the 1970s after the Nixon bribery scandals, but the Supreme Court blew it up. There are multiple ways around that, and the Democratic Party should make this job one.
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