Category Archives: Taxes

How The U.S. Became An Oligarchy. And Some Thoughts On How To Change It.

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Over the past five decades, the American economy has dramatically changed for the benefit of the wealthy and large corporations in ways many don’t understand. This led to the hollowing-out of the middle class and an ever-increasing number of working poor.

Unfortunately, the few politicians who fight for American workers have necessarily focused on trying to deal with the symptoms of our rigged economy by funding food shelves, food stamps, school lunches, homeless shelters and more. But they have been unwilling or unable to address the underlying causes.

If we are to ever develop real solutions, we first must acknowledge how we got into this mess. This requires an understanding of economics and history beginning with the 1970s and 80s.

Trickle-Down Theory. It was in the 80s when one political party convinced voters that, if they wanted to prosper, they needed to embrace the widely disproved concept of trickle-down economics. A concept based on the belief that if you cut taxes on the wealthy and corporations, enough money will trickle down to the workers. So, the highest personal income tax rate was cut by 20 percent. And the highest capital gains tax (the source of funds for the wealthy) was cut by 8 percent.

At the same time, the IRS did away with tax write-offs for interest on car loans and other personal loans, except for mortgages. Of course, that had little negative effect on the wealthy. But it cost working Americans plenty. In addition, the government permitted credit card companies to dramatically increase interest rates – yet another blow to the working class.

Buying The Competition. Around the same time, large corporations found that it was often less expensive to buy their competition than to compete with them. That resulted in large corporations swallowing up small and mid-size companies, which led to less competition, higher prices, fewer jobs, and the destruction of the middle of our economy.

Compensation Based On Share Prices. At about that very same time, CEOs convinced their boards of directors to base their compensation on stock performance. The higher the company’s share price, the more they get paid. That, in turn, led to CEOs like Chainsaw Al Dunlap, a supposed “turnaround specialist.” In reality, he was a brand killer and a job killer. After taking control of companies, he almost immediately sold off resources and laid off employees. That drove up share prices, profits soared, and he padded his bank account. Unfortunately, it was all a fraud. Most of the companies were sold or closed their doors.

Exporting Jobs. The 1970s and 1980s also marked the beginning of the mass exodus of manufacturing jobs to Mexico, China and elsewhere. After all, in order to pump up stock prices, CEOs needed to cut costs. In developing countries, workers could be hired for a fraction of the cost of American workers. Moreover, there were no labor unions, and most workers were willing to work without healthcare and retirement benefits, which in the US roughly equaled salaries. Again, corporate and CEO profits soared.

End Of Pensions. Yet another development at the time was the 401(k). It was sold to voters as a supplement to traditional employee pension plans. But, almost as soon as it was passed by Congress, corporations began eliminating pensions. That left most workers with less retirement funds and benefits.

Consequences. The consequences of all this are the continuing consolidation of industries, increased prices, worse customer service, the disappearance of the American middle-class and the redistribution of wealth upward.

Also, the repeal of the Fairness Doctrine has led to many news outlets becoming megaphones of propaganda for those politicians supported by the wealthy. And several decisions by the Supreme Court of the United States have permitted corporations and the wealthy to spend whatever it takes to buy the government they want. Putting this all together, it’s easy to see why our nation has become an oligarchy. But, instead of addressing these fundamental problems, politicians keep us distracted by their culture wars.

Possible Solutions. Now that you know how we got here, we can start to formulate solutions.

Personally, I’d begin with reinstating some form of Fairness Doctrine for electronic media, so we can all make decisions based on the same set of facts.

Next, following the lead of Teddy Roosevelt, I’d break up the most dominant corporations in every industry to increase competition and create jobs. I’d limit the number of brands and the percentage of sales for each corporation. And that would be quickly followed by increased taxes for the wealthy along with some sort of controls for executive compensation. (Incidentally, the best way to tax the oligarchs is to increase the capital gains tax on large sums.) Of course, that would also require doing away with tax shelters, both in the US and offshore.

I’d reinstate usury laws limiting the interest rates on all personal loans, including credit cards. I’d also require corporations with more than 50 employees to have employee representatives on their boards of directors.

And that’s just for starters.

What Did You Vote For?

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Did you vote for increased inflation and higher prices due to tariffs? Did you vote to pay higher taxes so that billionaires and multinational corporations could receive large tax cuts? Did you vote to increase the deficit and add trillions to the national debt? Did you vote to consolidate more power in the executive branch by taking power away from the courts and your elected representatives?

Did you vote to have unvetted 20-something-year-old geeks sort through all of your private information and cut thousands of federal jobs? Did you vote to make America more racist again by eliminating DEI programs and firing government and military leaders just because they are women or people of color? Did you vote to have inexperienced and unqualified people take control of government agencies?

Perhaps you voted to arrest and deport immigrants who are violent criminals, but did you vote for mass deportations of essential farm workers and those who work in meat processing plants? Did you want to see families torn apart? Did you vote to have your immigrant neighbors and community members arrested and deported without due process? Did you want to see innocent immigrants and US citizens imprisoned in El Salvador and beaten and tortured or thrown in concentration camps?

Did you vote for cruelty?

Did you vote to have masked men with military weapons kidnap working Americans without warrants? Did you vote to have armed military in our streets? Did you vote to have judges and congressional representatives arrested?

Did you vote to dispense with the rule of law?

Did you vote to deport Afghan interpreters who saved the lives of US troops? Did you vote for massive cuts to the Veterans Administration? Did you vote to see millions thrown off Medicaid, including elderly in senior care? Did you vote to make healthcare unaffordable for millions of your fellow Americans? Did you vote to close hundreds of rural hospitals? Did you vote to cut funding for the National Institutes of Health and Centers for Disease Control? Did you vote to cut medical research on cancer, Alzheimer’s and other diseases?

Did you vote to eliminate foreign aid programs that save millions of lives? Did you vote to alienate are most loyal allies, including Canada? Did you vote to make foreigners afraid to visit our country and to stop buying our products? Did you vote to end Voice of America? Did you vote to help Israel’s ethnic cleansing of Palestinians?

Did you vote to ignore climate change while cutting funds for NOAA and the National Weather Service and eliminating FEMA? Did you vote to increase the use of fossil fuels and lease public lands to oil companies?

Did you vote to lower taxes on gun silencers? To watch our leaders engage in massive bribery schemes and corruption? Did you vote to pardon the criminals who violently beat police and planned to hang the Vice-President and many in Congress on January 6? Did you vote to have the president pardon felons in exchange for presidential bribes? To sell green cards for millions of dollars?

Did you vote for increased attacks on freedom of the press and freedom of speech? Did you vote to undermine the US Constitution?

Maybe you didn’t intend to vote for many of those things. But if you voted Republican in 2024, that’s what you got. Indeed, that’s who you are. Because your vote is a reflection of you.

One Of The World’s Greatest Propaganda Machines.

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As a former writer, creative director and owner of ad agencies, I could be considered somewhat of an expert on propaganda. So, despite being appalled by the Republican Party’s policies and utter cruelty, I have long been impressed by its mastery of propaganda.

In advertising and marketing, we are taught that the best way to attack competitors who have failed to articulate and promote a clear and positive brand is to simply rebrand them. To portray the brand as too expensive, too weak, too out of step with the times.

In essence, that is what the Republican Party and its propaganda outlets have done to Democrats. And the Democratic Party made it easy. For much too long, Democrats have embraced the Will Rogers quote: “I’m not a member of an organized political party. I’m a Democrat.” That may have been humorous and harmless when the party was at its peak in the days following FDR’s New Deal. But it’s toxic today.

Sure, the Democratic Party offers a big tent with room for lots of disparate groups and minorities. That’s good. But for decades, the Party has failed to articulate its core beliefs of equality and fairness; of establishing a government that serves all Americans, especially workers.

That made things easy for Republicans, their billionaire benefactors, and their propaganda machine.

For example, by embracing the Moral Majority and rebranding anti-abortionists as pro-life, Republicans were able to successfully portray Ronald Reagan, a Hollywood actor, as morally superior and more religious than President Jimmy Carter, a Baptist preacher. Republicans also took advantage of Reagan’s repeal of the Fairness Doctrine, which freed electronic media to conflate opinion with news, by embracing Rush Limbaugh and his golden microphone. Recognizing that emotions – particularly anger, hatred and fear – are good for ratings, Limbaugh and his Republican sponsors began hammering Democrats with a continuous stream of propaganda that would have made Nazi Germany’s Goebbels envious.

A seemingly endless stream of Rush imitators followed suit. And they were soon joined by Fox News Channel, which hired Republican media consultant, Roger Ailes, as CEO. While operating under the ironic slogan “Fair and Balanced”, Fox became the nation’s most powerful megaphone praising Republican ideologies and spreading disinformation.

More recently, websites, social media, and podcasts have caused the viewers, readers, and listeners to be further separated into ideological silos where unbiased reporters and factcheckers are unwelcome.

For decades, the ratings and readership of these propaganda outlets have soared as they have blamed gays, immigrants, transexuals and Democrats for all of our nation’s ills. The attacks on minorities, taxes, an over-reaching federal government, the courts, and education are particularly effective in rural areas where the population is mostly comprised of straight, white Christians…all of it is aided by our nation’s abysmal literacy record. (21 percent of U.S. adults are illiterate and 54 percent of U.S. adults are literate at a 6th grade level or below.)

The propaganda’s impact on rural areas has led to Republican control of the South and much of the Midwest as well as the U.S. Senate. It also greatly impacts presidential races as a result of the Electoral College.

Republican propaganda in the form of disinformation and misinformation has given us Q-anon, Pizzagate, and the January 6 insurrection. It has convinced a majority to believe that vaccines are more dangerous than guns, that politicians know more about healthcare than doctors, that the climate crisis is a hoax, and that white people are the victims of racism. More worrisome, it has given us a second Trump administration headed by a thrice-married, twice-impeached charlatan who should be serving time for 34 felonies, for trying to rig an election, for inspiring an insurrection and for mishandling highly classified national intelligence.

Now all of that hatred and cruelty has been unleashed to detain, arrest, deport and brutalize ordinary people whose only crime is to seek safety, a job, and a better life for their children. And they’re not the only victims. We all are.

If our ever-so-fragile democracy survives this moment, the Republican propaganda machine will be a case study in mass media, marketing, and political science classes for decades to come. Hopefully, those studying it will also find a way to better implement the antidote for propaganda – truth.

Imagine The Worst Thing That Can Happen To Our Country.

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Whatever scenario you come up with, the Felon-in-Chief will do worse. Since taking office, his actions have exceeded every worst-case scenario Democrats and even his own voters could have imagined.

For example, he didn’t just nominate a cabinet of staunch conservatives; he nominated unqualified and wholly incompetent extremists. He didn’t just pardon the January 6 insurrectionists that invaded the Capitol, he pardoned those who brutally beat cops.

He’s not just deporting immigrants who are violent criminals as he promised, he’s trying to deport law-abiding immigrants and lawful residents including essential workers, parents, children with cancer, educators, students, refugees, even US citizens.

He’s not just lining his pockets by peddling influence to international leaders, he’s lining the pockets of his entire crime family and his billionaire friends.

He’s not just reshaping the government; he randomly fired tens of thousands of nonpartisan federal workers so he could replace them with MAGA loyalists. He’s not only discriminating against minorities by banning DEI programs in the federal government, but he’s also punishing universities and corporations that fail to follow his lead. He not only purged black and female leadership from our military, he’s all but erased the civil rights movement and LGBTQ rights movement from history.

He’s not just calling news reporters and the media “enemies of the people,” he’s suing networks for reporting the truth and threatening to take away their broadcast licenses.

He didn’t just alienate our closest allies. He’s sucked up to some of our worst adversaries and dictators. He didn’t just invoke tariffs to protect American industries; he invoked tariffs on all goods entering the U.S. resulting in higher prices and increased inflation. And he’s not only pushing a bill to cut taxes on billionaires and multinational corporations, but he’s also raising taxes on workers and taking healthcare access away from millions of ordinary Americans.

His DOJ isn’t just investigating those who worked on his own criminal investigations, it’s now arresting political opponents and charging them with crimes. His DHS isn’t just sending the heavily armed ICEstapo into communities to arrest innocent workers, the Felon has unnecessarily sent National Guard troops and Marines into Los Angeles to incite protesters in hopes he can invoke the Insurrection Act. And according to his executive order, it’s obvious that he plans to send the military into any city he considers worthy of his ire.

He ordered a $40 million Soviet-style military parade to celebrate his birthday. That’s bad enough, but don’t be surprised if he orders the troops and tanks to stay in Washington to take over the city and threaten Congress. (He did, after all, direct his supporters to overturn the 2020 election and hang his disobedient VP.) He didn’t just have the DOGE bros collect personal data on every living American, he’ll likely use them to electronically rig upcoming elections.

And these are but a few examples. What’s the worst you can imagine? Almost certainly, it won’t be as bad as the eventual reality.

What Is Our Democracy’s Breaking Point?

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All but the most extreme of Trump’s supporters now have legitimate concerns about the future of the world’s oldest democratic republic.

After all, we’ve seen the Supreme Court of the United States give our Dear Leader immunity for official acts while in office. We’ve seen Trump pardon violent criminals who attacked police and vandalized our U.S. Capitol. And we’ve seen the unqualified and incompetent take control of our government agencies.

We’ve seen Trump, the world’s richest man and his DOGE bros usurp congressional authority by illegally firing more than 200,000 government employees and withholding congressionally approved funding in order to rationalize a $4.6 trillion tax cut for American oligarchs. We’ve seen them threaten Medicaid, Medicare and Social Security. We’ve seen them decimate HHS, SSA, VA, the Department of Education and more. And we’ve seen go so far as to eliminate USAID and the Voice of America.

We’ve seen the Department of Defense, the Department of Justice and the National Security Agency decapitated. We’ve seen longtime FBI agents and DOJ prosecutors fired for simply having done their jobs by investigating Trump and his friends for legitimate and obvious crimes.

We’ve seen women, people of color and other minorities removed from positions of leadership as part of Trump’s attacks on Diversity, Equity and Inclusion. We’ve seen history removed from government websites. We’ve seen Trump take control of the Kennedy Center and the Smithsonian. We’ve seen universities have their federal research grants pulled for refusing to give up control of their institutions to the administration. We’ve seen Trump threaten some of the nation’s oldest and largest law firms along with legacy media and newswire services.

We’ve seen former president Joe Biden and former Trump and Biden officials have their security clearances pulled. Some have also lost their security details leaving them vulnerable to the Oathkeepers, Proud Boys and other violent MAGA supporters.

We’ve seen Trump threaten Canada, Greenland and Panama. We’ve heard him speak glowingly about his plans to ethnically cleanse Gaza and build a Mar-a-Lago on the Mediterranean. We’ve seen him alienate our closest allies and side with brutal dictators and autocrats. For example, we’ve seen him side with Vladimir Putin by claiming that Ukraine started the war with Russia.

We’ve seen Trump institute tariffs against all of our trading partners – tariffs that have crashed the stock markets, and increased prices on all imported goods.

We’ve seen retribution and threats against judges who have signed injunctions to block Trump’s illegal and unconstitutional actions. We’ve seen immigrants arrested and sent to an El Salvador torture center without due process. We’ve seen a DOJ attorney fired for admitting in court that Kilmar Abrego Garcia, a legal immigrant, was mistakenly sent to El Salvador through an administrative error. We’ve seen foreign students detained for having written or spoken out against our government’s support for Israel’s war crimes. We have heard Trump talk about sending US citizens to El Salvador. And we are in the midst of a very real constitutional crisis now that Trump and his minions are defying a unanimous Supreme Court order to facilitate Garcia’s return to the US.

All of this has happened in less than 3 months! And the Republican’s narrow congressional majority seems uninterested, willing to fall in line behind Trump without so much as a vote. Indeed, the only thing that seems to motivate the majority is to further restrict voting in Democratic-leaning areas.

The question is: How much longer can our democracy hold? Will we still have our constitutionally guaranteed freedoms by the congressional midterm elections in 2026? Our nation is already unrecognizable to the majority of our citizens and to most of the world. If the administration’s illegal and unconstitutional actions are allowed to continue for another 22 months, what of our democracy will be left? Even if Democrats win an overwhelming majority in both houses of Congress in 2026, it will take decades to rebuild a functioning government, and generations to rebuild our stature around the globe.

America’s Two Political Parties: A Comparison.

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Some Americans have become convinced that there is no need to vote because they believe the two major political parties are essentially the same. Indeed, at one time, the parties shared many progressive beliefs. But, over the last six decades, the parties diverged until, today, they have almost nothing in common. To wit:

The Democratic Party gave us Social Security, Medicare and Medicaid, and the Affordable Care Act. And, if it could get a large enough majority in Congress, it would give you Canadian-style universal healthcare.

The Republican Party voted against Social Security, Medicare and Medicaid and continues to try to privatize the programs. It also repeatedly voted against the Affordable Care Act. And it opposes any type of universal healthcare, even though it could save around 68,000 American lives annually and reduce American healthcare spending by roughly $480 billion per year.

The Democratic Party embraced public education as a springboard to give all Americans the opportunity to achieve the American dream. And it created the Department of Education to establish education standards across all communities. The Republican Party intends to dismantle it and privatize education with the greatest benefits going to those with the greatest wealth.

Almost every American financial crisis (the Great Depression, the Great Recession, and the Covid economic collapse) has occurred while a Republican president was in office and, in each case, a Democratic president led the economic recovery.

Despite Republican cries to cut deficits and the national debt, Republican administrations have contributed more to the debt than Democrats. Under the last four Democratic administrations, the debt grew $699 billion less than during the last four Republican administrations even though two of the Democratic presidents were left with an economy in crisis and crippling wars that began during Republican administrations. Moreover, Bill Clinton is the last president to reduce the annual deficit and create a surplus!

Under the trickle-down economic plans of Republicans Ronald Reagan, George H.W. Bush, George W. Bush and Donald Trump, we experienced the greatest consolidation of corporations and the largest upward transfer of wealth in American history. On the other hand, under Democratic president Joe Biden, we saw the highest average wage growth in modern history combined with the lowest unemployment and the strongest stock markets.

Over the past 60 years, Democrats have championed civil rights and voting rights for minorities, as well as women’s rights. On the other hand, Republicans have suppressed voting rights, women’s rights and DEI while championing corruption as evidenced by Watergate, Iran-Contra, the lead up to the Iraq War, Russiagate, the attempted coup of January 6, and the excesses of Trump and DOGE.

Yet in the last election many ordinary workers, believing somehow that Trump would benefit their economic standing, voted for a convicted felon, adjudicated fraudster and sexual assaulter who promised to be a dictator on day one.

Why? In a word: Propaganda.

Since Reagan abolished the Fairness Doctrine, wealthy libertarians and large corporations looking for more advantages in the form of lower taxes and fewer regulations have spent billions on rightwing media to convince working Americans to hate government, to hate immigrants and minorities, and to vote against their own best interests. In addition, billionaires have funded rightwing candidates with the money needed to buy elections.

So here we are, with our government being dismantled, our economy threatened, our longtime allies abandoned, our constitution assaulted, and our democracy in crisis, it should be abundantly clear to everyone that the two parties are nothing alike. And that the Republican Party has no interest in working Americans beyond their votes.

The A In USA Now Stands For Autocracy.

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Fellow Americans: The good news is that we no longer have to worry about our nation becoming an autocracy under a second Trump administration as many Democrats feared. The bad news is that it already has.

Trump has moved the nation toward autocracy faster than Putin of Russia, Erdogan of Turkey or Orban of Hungary.

Indeed, in just two months, he has ignored or dismissed most of his campaign promises to end inflation and cut costs for American consumers. He has elevated dozens of loyalists – many of them grossly unqualified – to cabinet positions. He has fired Inspectors General and others responsible for identifying government corruption. He has replaced Diversity, Equity and Inclusion programs with racism and misogyny.

He has purged the DOJ and FBI of nonpartisan civil servants and replaced them with submissive toadies. He has withdrawn the US from the Paris Climate Accords and the World Health Organization. He has defunded the National Institutes of Health and the Centers for Disease Control. And he has blocked funding for medical research.

He has punished news media that have had the temerity to confront him with difficult questions, to report his illegal actions, and to debunk his numerous lies. He has permitted an unelected and unvetted billionaire to fire tens of thousands of federal employees and to access classified information and the personal data of millions of Americans. Further, he has indicated his desire to eliminate Medicaid, Medicare and Social Security in order to justify an additional $4.5 trillion tax cut for billionaires and large corporations.

He has embraced our nation’s greatest adversaries while abandoning our most loyal allies. He has begun an international trade war that is almost certain to send our economy into recession. And he has threatened to make Canada our 51st state, to take Greenland, and to retake the Panama Canal by force.

Without debate or congressional input, he has governed by Sharpie.

Thus far, the Felon-in-Chief has signed 90 executive orders – many of them blatantly unconstitutional. For example, he unconstitutionally abolished birthright citizenship as established under the 14th Amendment. He has illegally blocked congressionally approved payments. He has illegally threatened research grants to universities that fail to suppress student demonstrations against Israel and his policies.

He has shuttered Voice of America and effectively closed USAID. He has ordered the closing of the Department of Education. He has revoked the temporary protected status of more than half a million refugees. And he has invoked the Alien Enemies Act of 1789 to justify detaining and deporting those who do not meet his definition of desirable immigrants without the protection of Habeas Corpus. That includes those legally in the US who have committed the “crimes” of expressing contempt for Trump and his policies.

More worryingly, he has blatantly and dismissively ignored judicial orders and threatened the judges who made them, thereby creating a constitutional crisis. Not even a rebuke by Chief Justice Roberts seems to have deterred him.

Of course, all of this was predictable. What else would you expect from a presidential candidate who stated he would be a dictator on day one, who has been convicted of 34 felonies, who was judged to have committed sexual assault, who was the subject of multiple felony indictments, who inspired a violent insurrection, who announced his intention to exact revenge on those who tried to hold him accountable?

The only questions remaining are to what end and how do we save our democracy from his grasp? Waiting until 2026 to elect a Democratic-majority Congress may be far too late.

Already stock markets are plunging, inflation is soaring, and consumer confidence is falling. Adding to our economic woes, many former European allies have warned their citizens against travel to the US. Trump’s ill-conceived tariffs and dismissive speeches have infuriated Canadians causing Canadian tourism to the US to fall off a cliff.

Other NATO allies are making plans for their defense against Russian aggression without help from the US. In addition, our national security is at risk after Trump’s reported sharing of the nation’s most secret military plans with Musk and others who lack security clearances.

The question is: To what end?

I understand the desire of Trump and his oligarch friends to send the US economy into a recession. Many have already sold off their stocks and could reap immense profits by repurchasing shares at a lower price. I can understand the oligarchs’ desire to profit by privatizing pools of public funds, such as those intended for education, Medicaid, Medicare and Social Security. Though it sickens me, I can even understand Trump’s desire to undermine the Constitution by weakening Congress and the judicial system in order to consolidate his own power.

And given Trump’s years-long ties to Russia and reports of kompromat, I can understand why Trump would personally bow to Putin.

But why destroy most of the agencies of the federal government? Why make our government so dysfunctional? Why destroy our national parks? Why ignore climate change and endanger the entire planet? Why rewrite history and so embrace fascism, racism and misogyny? Why deport necessary undocumented workers? Why treat tens of thousands of hardworking civil servants so cruelly? Why destroy our decades of goodwill with democratic nations around the globe thereby weakening the US for decades to come?

Is Trump inviting Americans to take to the streets in protest – to engage in violence – so that he can institute martial law? If so, what then? He’s already acting as a king. What is the end game?

We’ve Seen This Movie Before.

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If the actions of the current Trump administration seem vaguely familiar, it’s because we’ve already seen similar storylines.

Consider the movie Dave, in which a man without any relevant experience or qualifications finds himself in the White House through a series of misunderstandings and odd circumstances. There’s also Being There, the story of Chance, a simpleton who accidentally becomes one of the most powerful men in Washington.

Another apropos movie to consider is The Godfather, the story of a powerful crime boss who is ironically more empathetic and far more patriotic than Trump. Then there’s Joker, the story of a man who, after failing at his chosen profession, descends into mental illness and leads a violent revolution against the establishment. You could also add American Psycho, a movie about Patrick Bateman, a man completely devoid of empathy.

Finally, there’s A Clockwork Orange the story of a group of youthful dropouts known as droogs who go on a crime spree engaging in anti-social behavior.

Each of these films could be instructional in understanding the Trump administration, including the Felon-in-Chief, Musk and the rest of his DOGEbags, and the group of misfits who comprise the Trump cabinet.

Like Chance, Trump attained his position more by luck than qualifications. Like Dave, Trump is an opportunist. Like the Joker, Trump was a business failure before leading an attack on polite society. Like Michael Corleone, Trump is expert at using other people’s money and his position to extort and threaten. And similar to the character Bateman, Trump has been diagnosed as a malignant narcissist and sociopath.

Additionally, the droogs are roughly equivalent to Musk and his youthful group of nerds who have set about slashing and burning our most cherished institutions and belief systems.

Of course, Trump and Musk claim their actions are intended to save money and make your life better. But reality is quite the opposite. They’re reducing government services, starving the poor, deporting essential workers, alienating the U.S. from our longtime allies, and torching the planet in order to give themselves and their billionaire friends a $4.5 trillion tax cut.

Moreover, the firings of hundreds of thousands of federal employees and civil servants will add to the unemployment numbers. Likewise, the elimination of USAID, SNAP and school lunch programs will negatively impact those who grow our food. Cuts to VA will negatively affect veterans. The abolishment of DEI will impact people of color, women, and the disabled. The planned mass deportations will impact farms, food processors, restaurants, hotels and more. The massive tariffs on goods from our trading partners will raise prices for consumers. And the potential cuts to Medicaid, Medicare and even Social Security will be devastating for tens of millions of American citizens.

By the time Trump’s demolition squad is finished we’ll almost certainly be facing an inflationary recession – a recession that will be crippling to our economy and ordinary people.

But will Trump, Musk and their wealthy friends suffer along with you? No! Emphatically no! Indeed, the wealthy often create recessions by dumping their holdings during a strong stock market, so they can buy low after stock prices have tanked.

If Trump and his DOGEbags were serious about cutting waste and fraud, they’d be looking to cut Musk’s government contracts totaling more than $38 billion. And Trump would forgo his golf weekends, Super Bowl outings and costly excursions such as his multi-million-dollar victory lap around the Daytona Speedway, which have already cost more than the federal salaries cut.

A Return To The Gilded Age.

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During his second inaugural speech, Donald J. Trump, he of the golden toilets, announced that he would lead America into a “Golden Age.” What does that mean? Well, based on his executive orders to date and his roadmap called Project 2025, it appears that he wants to return the U.S. to the Gilded Age of the late 1800s when our economy was controlled by a small group of ruthless men who eventually became labeled Robber Barons.

In other words, the Gilded Age was a time when all the nation’s wealth trickled upward to the likes of Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, Jay Gould, Jim Fisk and others. Through a combination of inspiration, luck, and insatiable greed, these people created monopolies based on unfettered access to the continent’s natural resources. By 1890, one percent of American families controlled as much as 51 percent of the nation’s wealth. Most of the rest of the nation’s citizens, especially people of color and women, were relegated to a life of hardships and poverty.

That era only came to an end because of economic depression, exposure of corruption by courageous journalists, a populist movement that instituted regulations and antitrust laws, and the Second Industrial Age.

Trump’s so-called Golden Age promises to be worse.

To begin, in 2014 an extensive study determined that the United States could no longer be called a democracy, but an oligarchy – a government controlled by a few wealthy elites. And they have gained even more power under the new Trump administration. Indeed, his campaign was financed by billionaires such as Elon Musk, Mark Zuckerberg, and Jeff Bezos, all of whom were front and center at the inauguration.

Once in power, Trump appointed at least seven billionaires to powerful government positions. And who was the ally given the most power? Elon Musk, the world’s richest man with more than $400 billion in mostly government and Chinese money, who (coincidentally?) also donated the most to Trump’s campaign.

These unelected people are the ones who will benefit the most from Trump’s promise to cut taxes. These are the people who will reap the most rewards from a hollowed-out federal government that repeals regulations. These are the people who will benefit most from Project 2025’s planned attack on labor unions. These are the people who will remain unharmed by Trump’s trade war. And these people will almost certainly be among the very few who will benefit from the economic recession that almost certainly will result from Trump’s actions – actions that will lead to even more wealth disparity between billionaires and ordinary working people. (In 2023, the top one percent already controlled 30 percent of American wealth. And fifty percent of Americans controlled 97.5 percent of the wealth.)

Musk, aided and abetted by Speaker MAGA Mike Johnson and other congressional Republicans, is also the one given unparalleled power by the Felon-in-Chief to lead the ongoing coup against our government and the Constitution through the newly formed and unofficial agency called Department of Government Efficiency (DOGE). Musk claims his agency should be pronounced “doej”, but it would be more aptly pronounced “douche”. And, without constitutional Article I authority, the lead douchebag has taken control of multiple agencies that are created and funded by Congress.

In just 14 days, Musk has taken control of the Office of Personnel Management (OPM) and unconstitutionally shuttered the United States Agency for International Development (USAID). He has also blocked communications between government agencies and the American citizenry – all without congressional approval.

Of course, there are precedents for these kinds of actions. We have seen them executed by dictators and fascists the world over. But they have never before been seen in the United States of America where we are now watching our once proud democracy circle down the drain of one of Trump’s golden toilets.

Complex Problems: Part 3 – The National Debt

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According to the National Debt Clock, our national debt is currently $36 trillion and counting. That’s because the government is currently spending more than $1.6 trillion than it receives from federal taxes. This is despite the fact that the annual deficit is currently $1 trillion less than when President Biden took office.

Of course, there are many who will say that the way to reduce the debt is to simply cut spending. Others will say that we need to raise taxes to increase revenue. But it’s not that simple. To understand why, you need to look at how we got here.

Since the end of World War II, we have endured two banking crises and 13 recessions. Many of those events resulted in the necessity of corporate bailouts, tax cuts, and increased spending to induce economic recovery. During that time, we have also fought in four costly wars, not including the estimated $26 trillion in today’s dollars spent on defense during the Cold War. More recently, the failed response to the Covid Pandemic resulted in the $1.9 trillion American Rescue Plan and the $1.2 trillion Inflation Recovery Act, which were necessary to stave off a second Great Depression and lower runaway inflation. Without those expenditures, we would have seen unemployment and inflation continue to skyrocket with many millions of Americans in soup lines and/or begging in the streets.

The point is, in a civilized society, there are certain events and economic conditions that require government to outspend its revenue.

Not the least of these are the climate-related disasters that annually cost billions of dollars to help victims and rebuild infrastructure. The National Centers for Environmental Information estimate that over the last five years those costs have totaled $764.9 billion! Do we turn our backs on the Americans ravaged by wildfires, droughts, hailstorms, tornados and hurricane victims to avoid budget deficits? Of course not.

And there are still more issues that have contributed to our debt, including self-inflicted problems such as trade wars, battles over the debt ceiling, and political shutdowns of the government which have cost many billions of dollars.

Taking all of this into consideration, you can see why, in modern times, our government has experienced a budget surplus only once. That was accomplished by the Clinton administration.

Now, you may say that I have overlooked one of the largest contributors to our annual deficits – the rising costs of “entitlements.” Certainly, it is true that Social Security, Medicare and Medicaid payments comprise about 61 percent of the annual federal budget. But before you call for cutbacks to these programs, consider this: In reality, these programs should be entirely separate from the federal budget. That’s because the retired workers who benefit from them have paid for them over a lifetime of work through FICA (the Federal Insurance Contributions Act).

That’s right, these programs are not “entitlements” at all. They are, in fact, insurance – nonprofit retirement insurance for which you pay premiums that are deducted from your paycheck.

Since the founding of the programs, the premiums collected have gone into a trust fund where the money is invested in federal securities. And because these programs are insurance, they should be treated like all other forms of insurance by following the principles of actuarial tables, which match premiums to expenditures. (When the costs of your casualty and accident auto insurance go up, so do your premiums.) Unfortunately, Congress has refused to consistently and equitably raise premiums, which has placed the programs in some degree of jeopardy.

That leads us to the politics of deficits and debt.

Since the Citizens United v FEC decision of 2010, political campaigns are funded in large part by billionaires, lobbying groups, and large corporations. Of course, these groups all expect a return on their investments. For example, despite the impact on our climate caused by the burning of fossil fuels, the fossil fuel industry received more than $1 trillion in subsidies in 2023. Many others have similarly cashed in. And all of these paybacks contribute to the deficit.

Further, politicians love to promise tax cuts even when they know those tax cuts will lead to larger deficits. Perhaps that’s why the highest federal income tax rate has been cut from 91 percent in 1950 to 40.8 percent today. Indeed, we have seen at least five major tax cuts since WWII. And since many of those same politicians like to campaign on a platform of fear – fear of immigrants, fear of other religions, fear of terrorism, and fear of other nations – they routinely vote to increase our defense budget.

The requested Pentagon budget for 2025 is nearly $850 billion dollars. That’s more than the next nine countries combined! And, if you separate Social Security, Medicare, and Medicaid from the annual budget as is justified, it represents roughly 34 percent of the remaining (discretionary) budget. Add another $103.2 billion for Homeland Security, plus $303.8 billion for Veterans Affairs, and you’ll see that we’re spending an incredible amount for defense and the consequences of war – an annual total of more than $1.2 trillion that is nearly equal to our deficit.

And that doesn’t even include the $21 trillion in previous spending that the Pentagon couldn’t account for in a recent audit.

So, where do you cut? How do you raise more revenue? If you’re serious about reducing the debt, you absolutely have to do both. But if you do too much of either, you risk damaging the economy which will further add to the debt.

The planned tax cuts, inflation-inducing tariffs, and mass deportations of undocumented workers certainly isn’t the answer.