You may have heard that Democrats think they have a shot at picking up Tom Price's old House seat in an April special election, because voters there only went for Mr. Trump by a 48-47 margin. But apparently Republicans are running ads compiling social media videos the 30-year-old Democratic candidate has made, thinking they'll embarrass him. This may work, and then again it may not -- it's 30 seconds too long, it makes an obscure and probably inaccurate point, and why would Georgia 6th District's voters find Mr. Ossoff making fun of spoiled rich girls in our nation's capitol a bad thing? But this strategy's effectiveness will be short lived in any case, since even Republicans will run out of old-people candidates one day. I think the two more damaging pieces of news are a) that Mr. Ossoff has raised $2 million already (because money is everything, and ideas are nothing!) and b) that two Hollywood actresses (neither a superstar, but neither a has-been) have endorsed him (presumably Mr. Ossoff's opponent will run that ad closer to Election Day). So this still looks like the Democrat formula of raising boatloads of money and creating celebrity "buzz" for uninspiring candidates, the same formula that just brought us our present disaster.
Economist Michael Hudson explains how the Trump tax cut plan is based on myth. "The more you compress the tax rates" (that is, make them flatter so everyone pays more or less the same rate) "the more you un-tax where the income is really made," i.e., by the rich, whose share of income growth under the Obama Administration was approximately all of it. Also, income doesn't "trickle down" from the rich, precisely because they don't spend their extra money but lend it, which creates more debt for the rest of us -- and which makes complete sense once you consider that someone who makes 100 times what you make doesn't need 100 times the calories or 100 times the living space, nor do they spend 100 times what you spend on a cheeseburger. And it doesn't get said enough, but whatever working families get from tax cuts they'll lose in the social services that get cut or privatized -- and that doesn't necessarily mean food stamps or welfare, but education and health care. Plus, at the risk of piling on, most rich folks don't make their money working, but off of capital gains -- and this tax, of course, is the one all politicians, regardless of party, have the biggest hard-on for cutting. End result: "a vast sucking of income and wealth upward."