OpinionTrending Commentary

The Rich Will Not Benefit From Trump’s Tax Plan? Why Not?

One hears news reports that the rich will not get any relief under the new proposed tax bill of President Trump. Given the proclivity to lie on the part of those who give us our news reports, one should reserve judgment and not get too excited when we hear initial reports of what’s going on in Washington. But a little advance consideration of what we’re hearing can’t hurt.

Discrimination and prejudice are wrong whether the injured party is rich or poor. So how can the rich be discriminated against with Trump’s new tax plan? Have the rich done something wrong that keeps them from enjoying the same benefits as the rest of the nation? Are they being punished for working longer and harder than people making less money or for the purely chance happening that they inherited their wealth? These don’t seem to me to be adequate reasons to deny them equality under the law, and it appears to be contrary to all that Americans hold dear that the federal government would write a law that treated the rich as though they were second class citizens.

And what exactly is it that makes a person “rich” anyway? One may recall that the Clinton/Gore administration determined that a person making $50,000 a year was “rich” by using the flawed logic that in 20 years that person would have made a million dollars, so therefore they are rich while making $50,000 annually, which is typical liberal illogic.

It’s highly likely that many Americans making $50,000 to $80,000 a year would consider the senators and congressmen, the people deciding what is rich and what is poor, as being rich themselves, and I will predict right now that our dear legislators will define the borderline where being rich begins and above which level no tax benefits will accrue, to be well above their rather inflated salaries. And it’s a certainty that the cable news talking heads making six-figure salaries and demanding that the rich not be allowed to benefit from any new tax law, do not consider themselves to be rich.

And as a spark to the economy, consider that if the already-rich were allowed to get a tax break from any new law, they would possibly buy a new yacht or a new jet and get rid of the old model, and that new purchase would create a well-paying job for a union member or a private builder, and this additional expenditure by a rich person would benefit all Americans as more jobs were created.

If the richest and most influential people in the nation can’t get equal treatment under the new law, what about the rest of us poor slobs with no influence and no ability to buy the attention of our legislators in DC? What will we do in a year or two when Congress drops the hammer on us and raises our taxes? We won’t stand a chance of getting an even break. Therefore, all Americans must be treated equally.

The discussion above is based on what is being reported by our news sources as the plan being developed for tax relief in America. One hopes this information is wrong and that all Americans are treated equally and with respect, because the whole idea behind the proposal of tax relief is to allow the citizens of America to be able to keep more of the money they earn so they can spend their earnings on themselves and their families, thereby sending less of their hard-earned money to the big government swamp in DC to be wasted by the big-spending officials there.

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Dave King

Retired AT&T supervisor.

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