Quote:
Originally Posted by Frank DeForrest
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The US government also transfers wealth in other ways.
According to the CBO the Bush tax cuts transferred over $1.5 trillion dollars to the richest 1% of Americans.
https://en.wikipedia.org/wiki/Bush_tax_cuts
https://www.cbpp.org/research/federa...-bush-tax-cuts
The Trump tax cuts transferred $2.2 trillion dollars to the richest 1% of Americans.
https://www.forbes.com/sites/janetno.../#2518396465b9
https://time.com/4993389/tax-cuts-your-children/
The wealth transfers your source speaks about are things like medical care in veterans hospitals, Medicare, and low income housing assistance. And most Americans don't have problems with those programs, rather they have a problem with the federal government not being able to afford them.
But if Reagan's, GW Bush's, and Donald Trump's tax cuts never happened, then the US government would have the funding for things like medical care in veterans hospitals, Medicare, and housing assistance for low income Americans.
https://www.usatoday.com/story/opini...mn/1657338002/
https://www.npr.org/2018/10/16/65779...rnment-revenue
https://budget.house.gov/publication...-fiscal-future
But unfortunately republicans literally desire to give the richest 1% of Americans trillions of dollars in tax cuts, and then cut programs like Medicare and health care for veterans.