Posts Tagged ‘Republicans’

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Finally, in this season of the gift, something other than the usual, tired discussion of “deadweight loss” by mainstream economists.

Deborah Y. Cohn explains that “sometimes people give bad gifts on purpose.”

Although it seems nonsensical to give someone a gift that will damage a relationship rather than strengthen it, some people deliberately do just that.

Not only are these returns a drag for businesses, they harm friendships and fray family bonds.

Of course, historically there are plenty of examples of mean-spirited, even violent gift-giving. Potlatch in the Pacific Northwest is a good example—of chiefs giving away or destroying goods in order to create or reinforce relations of unequal power within and between clans, villages, and nations.

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The Republican tax bill, which President Trump signed last Friday, is another example of the violence of the gift. With one exception: whereas in potlatch the hosts demonstrate their wealth and prominence through giving away goods to everyone else, “The Tax Cuts and Jobs Act” will mostly benefit a small group of corporations and individuals that already capture and distribute to themselves most of the surplus.

Trump, Mitch McConnell, and Paul Ryan may be using the rhetoric of a gift to the middle-class but, according to a recent poll, most people remain unconvinced. They know they’re only getting pennies on the dollar of tax cuts to those at the top.

the NBC/WSJ poll finds 63 percent of Americans who think the Trump tax plan was designed mostly to benefit corporations and the wealthy, compared with 22 percent who believe it was designed to help all Americans equally.

Just 7 percent say it was designed mostly to help the middle class.

The question is, will the tax-cut gift serve to demonstrate the power of large corporations and wealth individuals or will it undermine their legitimacy?

At least right now, most people seem prepared to refuse the mean gift.

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