Well dear friends, I’m here to discuss another of the Comb Over’s underqualified ubermensch. Today’s victim is Oberfuhrer of the Treasury Stefan Mnuchin, a previously convicted felon, investment banker, and overpaid Wall Street insider. All these are synonyms for crook but I don’t expect you to know that or even know what a synonym is. Trust me. Even though said Party Member is purportedly six feet tall, I can’t help but use the moniker of Munchkin for the Oberfuhrer, so onward.
The Munchkin’s latest idea is to give the uber-rich even more money from the already debt ridden U.S. Treasury. $100 billion. If this wasn’t a bribe for the already uber-rich semi-Libertarian Koch Brothers who have decided they don’t really like the Comb Over because of his onerous trade and immigration policies, well then I don’t know what a bribe is. The details of this is a capital gains tax break driven by discounting the cost basis of assets to inflation. Now I know you aren’t going to understand this, and it is complicated. Your underfunded school system couldn’t possibly have prepared you for this kind of mind bending concept, but I went to a big city private university so you know you can trust me. Stay with me here.
The long and the short of this is 2/3 (two-thirds) of this $100,000,000,000 tax windfall would go to the upper 0.1% of the uber-rich. Almost zilch will go to you my freunde since you don’t have any, or little, capital gains. Only rich people have a lot of capital gains. Have you ever heard the phrase: “It takes money, to make money”? That’s what rich people do instead of going to work. It gives them time to host reality shows, which we all know is not real work. You or I however, have to work for a living, or you have a pension, or a Social Security “entitlement,” or a 401K. None of these are “assets” that you can claim capital gains on so no candy for you. Pension funds are likewise pretty screwed since they tend to be invested in income generating assets like bonds. I know, your head is going to explode. Let’s boil it down to: only rich people are going to benefit from this proposed capital gains tax cut, not you untermensch.
Now to justify this charade the Munchkin mentions the dreaded “Trickle Down.” Think back. Think back real hard. When was the last time anything besides piss trickled down from a rich guy, hmm? This Laffable economic theory has been shown to never work. It’s been debunked more times than you’ve taken a shower. Nothing ever trickles down from the rich, not money, not jobs, not healthcare anyway. Do uber-rich guys start new businesses? Do they employ gobs of people? Usually not, poor and middle class persons start businesses and a few become uber-rich. Rich people just collect capital gains on real estate, stocks, bonds, options, annuities, etc. Do they build a single factory? No. They don’t have to work, so why give them more money to stuff in an offshore account that benefits no one besides the uber-rich? They don’t need it, but you could sure use it my poor freunde.
Lastly, the Comb-Over stands to benefit the most from this capital gains tax swindle, so think about that. He also says that collusion is not a crime. Why would he say that? Did he collude on something, so I looked up collude: come to a secret understanding for a harmful purpose; conspire. Secret, harmful purpose, conspire. I think we should all collude to make the Comb Over go away.