On this dolorous day when Republicans scammed the nation and passed a tax bill that furthers their agenda of dismantling government services, that forces insurance companies to raise health insurance premiums by 10% or more, and that continues the transfer of wealth from the middle and working classes to the wealthy oligarchs, a process that started in the Reagan era, MSNBC‘s Joy Reid knows why even the holdouts amongst Republican Senators, the ones with nothing to lose by voting against the bill because they were not running for reelection, eventually caved in and helped pass the bill.
That's the verbatim phrase this Republican used: "cashing … out." They'll go home and reap the rewards in their personal finances and pass the lard onto their kids with no estate tax. They truly don't care.
— Joy Reid (@JoyAnnReid) December 20, 2017
Greed. With 35% of Republicans in Congress having a personal net worth of over a million dollars, nearly 50% worth over $500,000, and a whopping 70% with a net worth over the median $44,900 of the average American, the economic profile of the people who passed the tax bill bears no resemblance to that of the vast majority of the American people. So it’s not difficult to understand why they enact legislation that is personally beneficial to themselves and their millionaire cronies rather than in the interests of the majority of their constituents.
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The sad fact is that as long as elections cost money and corporations and the oligarchs who control them are allowed to spend as much as they want on political activities due to the Supreme Court’s misguided Citizen’s United ruling, true democracy will be impossible in this country. A universal instinct for self-preservation and self-interest will keep politicians in the pockets of their donors rather than being responsive to the people who live in the districts they represent.
As Joy Reid sadly points out, the Republicans are cashing out, and they’re taking the money away from you. What are you going to do about it? They are counting on you doing nothing. And even if you do vote them all out of office next year, they’ll just go home and count their cash. Merry Christmas.