Quote:
Originally Posted by detbuch
Their is the confusing message I'm getting from leftists. The middle class, they say, is disappearing. This is happening under the current tax rates. If those rates are lowered, that is supposed to hurt the middle class. What middle class? Isn't it disappearing?
What, exactly is this thing called the "middle class"? Is it an income thing? If it is by income, and most people work for small rather than large businesses, wouldn't the existence of more and pricier small business transactions occurring in relation to those of large businesses be desirable? Wouldn't regulations favoring small businesses over large ones be preferable? Shouldn't the Big government Big Business complex (monopoly) be busted? How is that process even begun?
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You aren't as confused as you appear. Small business is critical. The effective impact of the bill is that it does very little to help small business. The GOP for decades has stood with policies that favor big business over small business. The middle class is shrinking, but mostly because of downward mobility. Not what middle class means by definition, but what the standard of living for the middle class is today compared to what it used to be. This tax bill will likely continue the trend or increase it with the slimmest to no chance that it reverses it.