Liberal Outrage = Trump Success?
A number of Trump supporters read my blog and I’m curious about your thoughts on a question I have.
After Trump’s election I had hoped that he would at least help the working class, as promised.
Yet he has sided with the elite on every major issue:
Trumpcare helps rich, hurts Trump voters
When Trumpcare is fully in place in 2022 Trump voters will lose and Clinton voters will win, economically.
Older working-class voters — core Trump backers — will pay more for healthcare in almost every part of the country.
And Nate Cohn of “The Upshot” found that the hardest hit supported Trump by a margin of 59% to 36%.
West Virginia will be one of the biggest losers. Trump won the state 68% to Clinton’s 26% even though Obamacare provided 172,000 West Virginians with insurance they had never had before.
Meanwhile, under Trumpcare those with lower incomes will pay higher taxes. The bottom two-fifths of the population will pay around $160 more per year, says the nonpartisan Tax Policy Center.
But the top 1%, with income over $770,000 will see a tax cut of about $37,220.
The top 0.1%, making $4 million-plus will have tax reductions of around $207,240 per year.
And the top 400 households — with incomes over $300 million — will see tax cuts of $7 million each year.
This windfall for the rich will be offset by Medicaid cuts that hurt the working poor and lower paid workers who can’t get healthcare through their employers.
Trump Tax plan
While Trumpcare redistributes wealth from lower-paid workers to the wealthy, the rich get even more with Trump’s tax plan.
Most Trump voters will get very little tax relief. But repealing the Alternative Minimum Tax, which prevents the wealthy from escaping all taxes via loopholes, will save Trump a lot of money. The repeal would have saved him $25-$30 million in the one year we have information on his tax returns.
And repeal of the estate tax helps almost no one but the extremely wealthy. Trump wins. Most of us lose.
Wall Street > Main Street
Once Trump took office he filled his administration with Goldman Sachs executives. Even after complaining for months that Hillary Clinton had ties to Wall Street.
And one of his first executive orders was repealing Wall Street regulations that had sought to shield Main Street from Wall Street excesses. Expect Main Street to bail out Wall Street again.
Liberals hate him, so he’s doing something right?
Trump’s betrayal of workers has got us liberals up in arms.
Yet our outrage boosts Trump support among working-class Trumpeters.
As conservative Charlie Sykes put it:
If liberals hate him Trump must be doing something right.
My question to middle-class Trump backers
Why aren’t you upset that Trump aligns with the elite — and his own economic interests — over you?
Why don’t you push him to do what he promised instead of defend him when he betrays you?
It just encourages him.
Posted on May 19, 2017, in politics/class inequality and tagged Donald Trump supporters, If liberals hate him Trump must be doing something right, Trump aligns with elite, Trump policy helps rich and hurts his supporters, Trump supporters hate liberals. Bookmark the permalink. 38 Comments.