Big bucks for billionaires in first year of Trump 2.0
By Gerald Scorse, Progressive Charlestown guest columnist
Three incredible what-ifs, one right after the other, underscore the direction of America’s tax code over the last several decades. They appear early on in the 2021 book Tax the Rich! How Lies, Loopholes and Lobbyists Make the Rich Even Richer.
Shock after shock, here they come:
“If you had worked every single day from the time Columbus sailed to America to the present and earned $5,000 per day, you would still have less money than Jeff Bezos makes in a week.”
“If you had made $100,000 every single day since the year 1 A.D. and saved every penny, you would still have less money than Bill Gates has.”
“If you had started working when the human race, Home sapiens, first walked upright, around 200,000 thousand years ago, and saved $100,000 a year, you would still not have as much money as Mark Zuckerberg has.”
All three are not only true, they’re super-true: The totals for the “if” dollars fall far short of the totals for the actual dollars pulled in by Zuckerberg, Gates and Bezos. Now comes David Kamin of NYU with a real-world parsing of the numbers, factoring in the ongoing effects of Trump’s One Big Beautiful Bill and his first-term Tax Cuts and Jobs Act. As Kamin sees it, the sirens are already sounding.
